US EUROPE AFRICA ASIA 中文
    World / China-Africa

    Egypt woos Chinese investors

    By Hu Haiyan (China Daily Africa) Updated: 2014-12-19 09:55

    Country seeks collaboration with China in energy and transport

    Poised to make sweeping economic reforms at a major development conference in March, Egyptian leaders played up their existing cooperative ties with China during a recent visit to Beijing.

    At the Egyptian embassy in Beijing early this month, a delegation that included Egypt's ministers of transportation, international cooperation, industry and trade as well as electricity and energy said investment opportunities in their country are on the rise for Chinese investors.

    Egypt woos Chinese investors

    Workers at Hisense factory in China-Egypt Suez Economic and Trade Cooperation Zone. Investment opportunities in Egypt are on the rise for Chinese investors. Provided to China Daily

    Egypt woos Chinese investors

    Mohamed Shaker, Egypt's minister of electricity and energy, says his country is seeking to work with foreign investors in the energy sector. Provided to China Daily

    Egypt woos Chinese investors

    Mounir Fakhry Abdel Nour, the minister of industry and trade, says Egypt welcomes Chinese companies to take part in the development of industries. Provided to China Daily

    Naglaa El-Ahwany, the minister of international cooperation, says the Egypt Economic Development Conference in Sharm el-Sheikh will be an important milestone for Egypt's economy.

    "As a global investor, China will play a key role in the meeting. All the Chinese government officials, company representatives and investors are welcome to the meeting."

    China is Egypt's largest trade partner, with bilateral trade volume reaching about $11 billion last year.

    The ministers' visit, a prelude to Egyptian President Abdel Fattah el-Sisi visit to China at the end of the month, shed light on negotiations for possible cooperation between the two countries, in transport.

    Hany Dahy, Egypt's minister of transport, says the country is in talks with several Chinese high-speed train makes such as CSR Corp Ltd.

    "We are talking about cooperation in various forms, including co-establishing factories or developing technologies together."

    The conference in March will likely attract billions of dollars in foreign investment over the nation's planned four-year period to help improve its staggering economy. Egyptian officials have forecast economic growth of 3.8 percent next year.

    Mohamed Shaker, Egypt's minister of electricity and energy, says the nation is seeking to cooperate with foreign investors in the energy sector.

    "All of these programs will be revealed during the March conference, which deserves the attention of Chinese investors."

    Mounir Fakhry Abdel Nour, the minister of industry and trade, says several Egyptian industries, such as mining, textiles and leather, have great potential.

    "These areas are of great appeal for Chinese companies and these areas are also where the Chinese companies' advantages lie. Egypt welcomes Chinese companies to take part in the development of these industries."

    Zhang Bin, managing director of China Civil Engineering Construction Corp's Middle East division, says Egypt has a great deal of development potential.

    "We are keeping a close eye on investment opportunities in Egypt, which is our backbone in expanding our business to the Middle East," Zhang says.

    During the meeting in early December, Dahy emphasized Egypt's aim to become the hub of trade for Africa.

    "To realize this target, Egypt has to increase investment in transportation and boost its development. Egypt is currently developing a high-speed rail industry and since China is the biggest high-speed train producer there is great potential for the two countries to cooperate in this area."

    China's feats in high-speed rail have been well documented. In about seven years, it developed the world's largest high-speed rail network, covering more than 11,000 kilometers, that in a little more than a year from now will stretch to 18,000 km and 21,000 km by 2020.

    During an interview in July, Zheng Changhong, president of CSR Corp Ltd, said taking China's high-speed rail expertise opens up a huge market for Chinese manufacturers.

    "More than 50 countries have expressed a desire to acquire technological support from China in developing high-speed rail, and more than a fifth of those countries said they hope they can work with CSR with technology and products," he said at the time. "By 2020 we expect half of CSR's revenue will come from overseas."

    Dahy was the head of Egyptian General Petroleum Corp from 2011 until his retirement in 2012. As acting company head, he was one of the authorities responsible for the decision to terminate Egypt's natural gas export contract with Israel.

    Dahy says Egypt has geographic advantages that it should take advantage of to become the transport hub of the continent.

    "The national government has adopted strategies to revitalize energy, transport, logistics, agriculture, housing, tourism and mining industries. Egypt will become one of the most important destinations on the continent. This certainly will bring many opportunities for Chinese investors."

    huhaiyan@chinadaily.com.cn

    (China Daily Africa Weekly 12/19/2014 page19)

    Trudeau visits Sina Weibo
    May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
    Ethiopian FM urges strengthened Ethiopia-China ties
    Yemen's ex-president Saleh, relatives killed by Houthis
    Most Popular
    Hot Topics

    ...
    无码日韩精品一区二区免费| 中文字幕亚洲综合久久菠萝蜜| 日本精品自产拍在线观看中文| 精品久久无码中文字幕| 欧美一级一区二区中文字幕| 50岁人妻丰满熟妇αv无码区| 精品深夜AV无码一区二区老年| 国产 日韩 中文字幕 制服| 人妻夜夜添夜夜无码AV| 中文字幕在线视频第一页| 亚洲色成人中文字幕网站| AV无码免费永久在线观看| 高潮潮喷奶水飞溅视频无码| 伊人久久无码中文字幕| 精品久久久久久无码人妻热| 久久无码人妻一区二区三区午夜| 最近高清中文在线字幕在线观看| 中文字幕亚洲欧美专区| 东京热加勒比无码视频| 日韩免费人妻AV无码专区蜜桃 | 精品久久久久久无码专区| 亚洲自偷自偷偷色无码中文| 伊人久久无码精品中文字幕| 天堂中文在线资源| 台湾佬中文娱乐中文| 久久婷婷综合中文字幕| 色综合久久最新中文字幕| 狠狠干中文字幕| (愛妃視頻)国产无码中文字幕| 亚洲国产综合精品中文第一区| 日本按摩高潮a级中文片| 亚洲AV无码一区二区三区在线观看| 国产Av激情久久无码天堂| 丰满熟妇人妻Av无码区| 精品国产毛片一区二区无码| 潮喷大喷水系列无码久久精品| 久久精品aⅴ无码中文字字幕不卡 久久精品aⅴ无码中文字字幕重口 | 日韩精品无码一区二区三区| 无码国产69精品久久久久网站| 无码国产福利av私拍| 精品无码国产一区二区三区51安|