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Minister of Investment and Co-operation, and a number of Chinese officials and economic sources, that Egypt will receive about 30 billion dollars of new Chinese investments in the coming period, of which 20 billion dollars investment in the administrative capital and the rest in the Suez Canal axis and some industrial companies in different regions in the provinces The Egyptian.
China's existing investment in Egypt is about $ 11.2 billion.
While the number of companies established by the General Authority for Investment and Free Zones of China 1345 companies, and the contribution of these companies in the issued capital of 792 million and 35 thousand dollars, and China ranked 21 among the countries investing in Egypt.
There are 702 companies in the industrial sector, 432 in the service sector, 70 in the construction sector, 79 in the ICT sector, 47 in the agricultural sector and 6 in the tourism sector, providing 27,392 jobs.
The number of companies in Cairo is 615, 334 in Giza, 179 in Qalyubia, 68 in Suez, 49 in Sharkia, 23 in Alexandria and 21 in Ismailia.
For her part, Dr. Sahar Nasr, Minister of Investment and International Cooperation, explained to the "Seventh Day" that China is strongly coming to invest in Egypt and that Egypt is opening its farms to the Chinese and international investments in the appropriate environment and in light of the legislative reform of the economy structure under President Abdul Open Sisi.
Nasr added that the visit of the president is considered a good opening for China's investment. It is expected that Egypt will see investments of at least 30 billion dollars in several years due to the development of the Suez Canal, the administrative capital, the Silk Road and many industrial zones and specialized industrial cities.
The Minister of Investment and International Cooperation, said that one of the Chinese companies began to inject new investments in the administrative capital by the system of "industrial developer" through the establishment of 4 new factories according to the latest international methods developed, and designs taking into account the environmental dimension and social workers for the first time in Egypt, New tray.
Nasr said in a previous statement that the Chinese company would get the land using the usufruct system.
China's CFLD, which is specialized in the construction of new cities and real estate and industrial development in China's Jian City, announced during the visit of Dr. Sahar Nasr, Minister of Investment to the company's headquarters in China last May, that they intend to invest 20 billion dollars in Egypt over 10 years, including investments in the allocated area of the administrative capital project.
Chinese media sources also revealed that investors had reached an agreement with the Egyptian government to resume financing the construction of the new Egyptian administrative capital.
According to the Chinese newspaper "Nikke" Chinese construction companies and investors will resume the construction of the Egyptian administrative capital, indicating that these investors and Chinese government companies will invest $ 20 billion to complete the project.
The newspaper pointed out that the companies will help the Egyptian government to build a new administrative capital, after settling differences on the terms of the contract.
The Egyptian Ministry of Investment and Housing has resumed talks to reach an agreement with China-based Fortune Land Development Company, which will invest more than $ 20 billion to build residential neighborhoods, industrial zones, schools, universities and entertainment centers in the new administrative capital.
The newspaper pointed out that the new consensus began after the movements of Egyptian officials who visited China recently to hold talks with Fortune to resume the project, pointing out that among the visitors, the Egyptian Minister of Investment, Sahar Nasr, who visited the headquarters of the company.
For his part, Egyptian Ambassador to Beijing Osama El-Magdoub said that Egypt is keen to join the regional and international gatherings aimed at giving greater voice and providing the opportunity for wider participation of developing countries and reforming the world economy and making it more equitable.
China is investing about 11.2 billion dollars in Egypt, as well as new investment of about 12 billion dollars in the Suez Canal, the new administrative capital, transportation projects and roads.
China is one of Egypt's largest trading partners, and the two sides have opened their actual cooperation in the fields of industry, energy, telecommunications and infrastructure, with investments of Chinese enterprises in Egypt exceeding $ 11.3 billion, said Kang Yi, representative of the International Cooperation Center of the China Development and Reform Commission.
Minister of Trade and Industry Eng. Tarek Qabeel announced that the next phase will witness a boom in the joint economic relations with China, especially in light of the implementation of a number of joint projects agreed upon between the two countries, noting that 12 projects have been identified in the list of priority projects , Which will be implemented in Egypt and include the fields of electricity, transport, housing, industry and telecommunications.
Major General Mohammed Yousuf, head of the Maritime and Land Transport Company, a member of the Ministry of Public Works, disclosed that the company signed 3 memorandums of understanding with the largest Chinese companies specialized in the automobile industry on the sidelines of the business forum of the BRICS summit.
Major General Mohammed Yousuf confirmed that the memorandums of understanding are specific to the needs of passenger transport companies and the transport of goods from buses and tractor heads, pointing out that the participation of the Holding Company for Maritime and Land Transport and the Engineering Company for the automobile industry in the conference and accompanying exhibition in order to participate in the honorable representation and show the real face of the state.images (59).jpg253091-زيارة-السيسى-الأولى.jpg
Visit the first Sisi
President al-Sisi made the visit a few months after he took charge of consolidating Egyptian-Chinese relations, especially with the two countries' need for trade, economy and political affairs. Therefore, President Abdel Fattah al-Sisi stressed Egypt's support for the initiative of Chinese President Xi Jinping, To revive the "Silk Road", and pointed out that Cairo supports such positive initiatives aimed at achieving cooperation and the interests of peoples.
During the visit, President Al Sisi met with a number of Chinese investors and businessmen and urged them to invest in Egypt, which will bear fruit in the second visit to be made by President Al Sisi in September 2015 after the first visit by a few months.
The website of "People's Network" published an article entitled "How Egypt is growing up as a tourist cake to attract the Chinese." The website said that many Chinese have a dream to visit Egypt and touch the Pharaonic civilizations And the ancient Islamic, and Egypt has a special tourist conditions and a great reputation among the Chinese, hoping to enlarge its tourist cake to attract more Chinese tourists.
In addition, the Chinese media devoted considerable space to talk about China's investment in the new Suez Canal area, especially since President Sisi inaugurated it on August 6 of the same year.