15 Jun 2010
(MENAFN) Egyptian Investment Minister Mahmoud Mohieldin said that the government plans to offer China?s $300 billion sovereign wealth fund opportunities to invest in major infrastructure projects, AP reported.
Unlike other African countries such as Sudan, Egypt has seen minimal investment from China. Of the $8.1 billion of foreign direct investment that the Arab country attracted in the fiscal year ending June 2009, China contributed $60 billion.
The Trade & Industry Ministry said in February that it expects to attract $15 billion of investments in new industrial zones located in cities such as Tenth of Ramadan, Sadat and Bourj Al-Arab.
The government expects the economy to expand more than 5 percent this fiscal year, compared with 4.7 percent the previous year, driven by tourism and construction.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year