Browsing: Chinese investments in Egypt

Trade exchange between Egypt and China recorded $5.2 billion during the first seven months of 2020, according to Nevine Gamea,  Egypt’s Minister of Trade and Industry.

According to Nevine Gamea, by the end of 2018, the total Chinese investments in Egypt amounted to $7.2 billion, distributed over 1736 projects.

In a statement, Gamea said that China is ranked 20th in the list of the largest countries investing in the Egyptian market adding that in the world, China is Egypt’s most important trading partner.

The Egyptian minister also emphasized the ministry’s keenness to enhance cooperation with the Chinese government in the field of small and micro enterprises (SMEs) to benefit from China’s long experience in this field, especially since small enterprises represent a large segment of the Chinese economy.

China’s General Administration of Customs said earlier that the volume of trade exchange between Egypt and China hit $4.31 billion from January …