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FINANCIAL NEWS
Egypt, China sign deal to finish 18 projects
13 Jul 2016
(MENAFN) Egypt and China signed an agreement on behalf of the Egyptian government with the Chinese vice minister of Commerce and Development to execute 18 projects.
Additionally, the agreement plans to grow the capacity of both sides using funds from China going to high priority industries like electricity and housing.
Accordingly, China confirmed to establish a textile city and of building governmental facilities in the New Administrative Capital.
Moreover, these investment projects will make new chances for employment and will advance China’s position from the 23rd largest investor to Egypt to be the 10.
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