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Chinese president, Egypt to discuss infrastructure investments

The Chinese president is expected to arrive in Egypt next week for the first time since Egyptian President Abdel Fattah El-Sisi took office in June 2014

Reuters , Friday 15 Jan 2016
Chinese President Xi Jinping (Reuters)
Chinese President Xi Jinping (Reuters)

Chinese President Xi Jinping is expected to discuss potential investments in infrastructure projects with Egypt during his upcoming visit in the fields of transport, electricity, housing and agriculture, the government spokesman said on Friday.

Hossam Al-Qawish said in a statement that possible projects include train lines worth $1.5 billion.

Xi will visit Saudi Arabia, Iran and Egypt on a Jan. 19-23 tour, China's Foreign Ministry said. It provided no other details.

Egypt needs foreign investment to strengthen an economy that was battered by political turmoil triggered by the 2011 uprising that toppled autocrat Hosni Mubarak.

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