Egypt proposes 15 investment projects worth $10bn at China-Africa Cooperation Summit

Ahram Online , Saturday 5 Dec 2015

The visit of the Chinese president to Egypt in January 2016 will mark the 'inauguration of a new stage' in Egyptian-Chinese cooperative relations, says cabinet spokesperson

Sherif Ismail
Egypt's Prime Minister Sherif Ismail (Reuters)

Spokesperson for the Egyptian Cabinet Hossam Qaweesh has said that Egypt has proposed 15 projects at a cost of $10 billion at the Forum on China-Africa Cooperation in South Africa’s Johannesberg.

Qaweesh said the Chinese side is interested in projects in the Suez Canal zone, especially projects related to power generation, logistics, transportation, and infrastructure.

He added that the "fast, non-routine" steps needed to execute such projects will be a challenge for the government, but affirmed Egypt’s eagerness to move forward and complete any procedures necessary for such projects.

Egypt's Prime Minister Sherif Ismail met with Chinese President Xi Jinping late Friday in Johannesburg, where investment in Egypt was discussed.

Egyptian-Chinese cooperative relations will reach their 60th year anniversary next month, Qaweesh said.

The Chinese president will visit Egypt in January 2016, a step that Egypt considers the "inauguration of a new stage in the relationship."

According to Qaweesh, Jinping expressed his appreciation for his Egyptian counterpart, Abdel-Fattah El-Sisi, and his leadership.

Qaweesh added that China has said that it stands with Egypt in its efforts to combat terrorism, especially after Egypt secured a non-permanent seat on the UN Security Council in October.

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