Chinese Investment in Egypt Tops US$10 Billion, PM Says

Prime Minister Mostafa Madbouly says Chinese investment in Egypt has passed US$10 billion, three days after the IMF cleared a US$1.8 billion disbursement.

Egyptian Prime Minister Mostafa Madbouly confirmed that Chinese investments in Egypt have surpassed US$ 10 billion, RT reported on Monday. During the third meeting of the Ministerial Committee for China Affairs, he explained that a large number of companies operating in various economic sectors represent these investme

Egyptian Prime Minister Mostafa Madbouly said on Monday that Chinese investments in Egypt exceeded $10bn, highlighting growing confidence among Chinese businesses in Egypt’s investment climate as the government reviewed new opportunities to deepen economic cooperation with Beijing. Madbouly made the remarks while chair