We look forward to greater cooperation with the Chinese side in attracting investments, especially partnerships with the Egyptian private sector

We look forward to strengthening financing and investment partnerships and entering into promising bilateral alliances

The Suez Canal Economic Zone is one of the places where Chinese companies have a strong presence in Egypt

We aim to increase Chinese foreign direct investment in manufacturing, logistics and port management

We aim to focus on attracting more projects of industrial development, infrastructure, renewable energy and technology localization

Competitive opportunities for Chinese companies in sustainable sectors such as agriculture, water desalination and health care

Improving the trade balance by increasing the volume and growth of Egyptian exports to China and attracting more tourist traffic to Egypt

Facilitating the African continent's access to Asian capital markets through Chinese capital markets after our successful experience in issuing panda bonds

 

 

Ahmed Kouchouk, Minister of Finance, held a bilateral meeting with his Chinese counterpart «Lan Fo’an», on the sidelines of their participation in the meetings of the Asian Infrastructure Investment Bank in Uzbekistan, to discuss ways to expand the horizons of investment cooperation between the two countries, and exchange visions and ideas in the face of the current global economic challenges, taking into account the long-standing partnership between the two countries, as one of the most prominent founding members of the Asian Investment Bank, which is one of the most important banks supporting and expressing emerging economies, as well as the New Development Bank, which also adopts the directions and agenda of emerging economies on the global stage, pointing out that they continue to work together to deepen bilateral financial and economic relations and achieve common development goals.

 

Kouchouk assured that we are keen to strengthen financial cooperation with China to ensure the diversification of sources of financing, financial sustainability and the mobilization of domestic revenues, explaining that Egypt was one of the first African countries to enter the Chinese markets with a strong support of the Ministry of Finance and the Central Bank of China. It successfully issued panda bonds, which will positively reflect on facilitating the access of the African continent to Asian capital markets through Chinese capital markets. He expressed the Egyptian government's aspiration during the coming period to greater cooperation with the Chinese side in attracting investments, especially partnerships with the Egyptian private sector.

 

He said that we look forward to strengthening financing and investment partnerships and entering into promising bilateral alliances, and we aim to increase Chinese foreign direct investment in manufacturing, logistics and port management, and focus on attracting more projects of industrial development, infrastructure, renewable energy and technology localization, explaining that the Suez Canal Economic Zone is one of the places that witness a strong presence of Chinese companies in Egypt.

 

Kouchouk added that Egypt is a strategic partner in the "Belt and Road" initiative, which contributes to facilitating regional trade movement and improving connectivity and cooperation on a large scale that extends across continents. He pointed out that there are competitive opportunities for Chinese companies in sustainable sectors such as agriculture, water desalination and health care in a way that helps improve the trade balance by increasing the volume and growth of Egyptian exports to China and attracting more tourist traffic to Egypt.