Thursday, January 21, 2016

Egypt, China sign slew of economic deals

Chinese investments in Egypt surpassed $500 million in 2014 

Anadolu Agency - 21.01.2016

Egypt and China signed a slew of economic agreements Thursday, including $1.7 billion in loans to Egyptian banks.
Chinese President Xi Jinping arrived in Cairo on Wednesday as part of a regional tour that includes Saudi Arabia and Iran.
Addressing a joint press conference in Cairo, Egyptian President Abdel-Fattah al-Sisi said the deals between Cairo and Beijing reflect their keenness to bolster cooperation.
The signed agreements span from energy and power generation to the establishment of the first phase of a new Egyptian administrative capital unveiled last year.
They also include a $1 billion financing agreement for Egypt's central bank and a $700 million loan to state-owned National Bank of Egypt.


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