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Chinese investments in Egypt will increase: Egyptian diplomat

Sunday 03-09-2017 - 12:30 PM
Egypt’s Ambassador
Egypt’s Ambassador to China Osama Al-Magdob
Cairo - Egypt’s Ambassador to China Osama Al-Magdob hailed Chinese economic experience, saying that it inspires the Egyptian leadership, as the Chinese economic experience is based on planning. Al-Magdob said that Egyptian government takes steps to attract Chinese companies to invest in Egypt in different fields.

Al-Magdob expects increase in the Chinese investments in Egypt during the coming period, saying that China’s government expressed its appreciation to the latest measures taken by the Egyptian government to achieve economic reform.

Egypt’s President Abdel-Fattah Al-Sisi  began a visit to China on early Sunday at the invitation of President Xi Jinping to attend the BRICS summit, which will be held in Beijing from 3 to 5 September.

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