Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Egyptian pound climbs against dollar at Wednesday's close    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



China, Egypt sign 21 investment deals to foster mutual cooperation
Published in Amwal Al Ghad on 21 - 01 - 2016

Egyptian President Abdel Fattah al-Sisi and Chinese President Xi Jinping signed in Cairo Thursday a number of cooperation deals aimed to foster over 60 years of ties between the two countries, Egypt's state TV reported.
The official broadcasted footage shows the two leaders witnessing the signing of 21 technical and economic deals including one to build a new administrative capital and another to develop an industrial and commercial hub around Egypt's Suez Canal.
The deals-- in the transportation, power generation, and civil aviation sectors are worth $15, according to Egyptian Minister of International Cooperation Sahar Nasr.
They also include a $1 billion financing agreement for the Egyptian central bank and a $700 million loan to the state-owned National Bank of Egypt.
Xi arrived in Cairo on Wednesday in the first visit by a Chinese president to Egypt in 12 years. He held talks with Al-Sisi and was due to address the Cairo-based Arab League
He was received Thursday with a 21-gun salute as he arrived at one of Cairo's presidential palaces for the Egyptian-Chinese summit.
Xi was also planned to speak to Egypt's newly-elected parliament.
Xi said Wednesday that his country "supports Egypt's efforts to maintain stability, develop the economy, improve livelihoods, and supports Egypt to play an even greater role in international and regional affairs," he was quoted as saying by the foreign ministry.
The Chinese leader has stressed that he is seeking cooperation with Egypt on China's modern trade route, known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
"We are ready to work with the Egyptian side to carry forward our traditional friendship, learn from each other, and deepen our practical cooperation in various fields under the Belt and Road Initiative, so as to let our people share development benefits and enjoy a better life," Xi was quoted by China Daily as saying.
Xi's two-day visit is the second leg of a Middle East tour that he kicked off earlier in the week in Saudi Arabia. He is expected in Iran later this week.
The visit comes as the two countries mark the 60th anniversary of the establishment of diplomatic Chinese-Egyptian ties.
The Chinese and Egyptian presidents are due to head later on Thursday to the southern temple city of Luxor to attend a ceremony marking the beginning of the "Egypt-Chinese cultural year."
source: Ahram online


Clic here to read the story from its source.