Chinese Investments in Egypt Rose to $400 Million

Mr. Song Aigjoh - China's ambassador in Cairo - announced that his country's investments in Egypt increases and health for its withdrawal from Egypt and China is ready to make every effort to provide all it can to strengthen bilateral cooperation. Ambassador said during a news briefing yesterday that Egypt is experiencing a difficult period of transition requires trust and will remain the state with a big role on the international arena and in Arab, African and Islamic.

Chinese Ambassador touched details the last meeting to collect yen President Mohamed Morsi and his Chinese counterpart Xi Jinping in South Africa on March 27, where grind participating in the summit joint gathering the BRICs and the NEPAD initiative for Africa's Development, said: it was underlined that the strategic relationship between Egypt China and focus efforts on the areas of trade, investment and infrastructure.

He added that the Mursi stressed during the meeting that Egypt will work to strengthen cooperation with China and ensure the protection of Chinese tourists. Chinese ambassador said that last year saw an increase in Chinese investments worth $ 100 million, bringing the total investment to $ 400 million and there a Chinese company in the field of glass fiber investments worth $ 260 million in the first phase, in addition to investments in building silos $ 70 million.