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Prime minister: looking forward to increasing Chinese investments at SC Zone

  Prime Minister Dr.Mostfa Madbouly has received Yang Geeh Tchee Chinese president representative and his accompanied delegation to debate means of reinforcing cooperation fields between the two countries.  

  Prime minister has expressed Egypt looking forward to increasing Chinese investments especially in Suez Canal Zone which enjoys distinguished investment opportunities and will benefit from the belt and the route initiative launched by the Chinese president and which will hopefully lead to increasing transport traffic at the Canal.

 From their side the Chinese side has praised increasing bilateral relations between Egypt and China and exerted efforts that Egyptian government undergo in improving the economic status and that resulted in increasing Egyptian economy power; through encouraging more Chinese companies to invest in Egypt; not only to benefit from investment opportunities that Egypt owns but also because Egypt is considered a linking point and a central gate with Africa and Europe.  

 On the other hand, Chinese side has pointed out to procedures undertaken by China to treat deficit in Egypt trade balance; through encouragement of Chinese companies for importing Egyptian products; where past ten months have witnessed an increasing percentage of 39% of Egypt exports to China.  

 Madbouly has also pointed out that Egypt, now being head of African union is looking forward to increasing cooperation with China during the coming period, and here the Chinese commissioner commented assuring that China is also looking forward to increasing its support for African continent issues especially during Egypt presidency of African Union; which has its return on all countries and peoples of the continent.   

   


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