O&G Exhibition in Africa O&G and P&E Exhibitions in Africa P&E Exhibition in Africa
Back To Home

China to invest $15bn on infrastructure projects in Egypt

China will invest $15Billion for over 15 infrastructure projects in Egypt following a recent visit by president Xi Jinping to the North African country.

According to official reports presidents Jinping and Sisi signed a number of joint projects aimed at boosting infrastructure in the country. More investment will be channeled towards electricity, transport and infrastructure sectors.

According to Sisi the projects that will be carried will be beneficial to all the Egyptians for they have been looking ways that will ensure their partnership help the country.

Several projects had already started, said Xi, adding that China wants to participate in the construction of Egypt’s new administrative capital.

Sisi added that the two countries had signed a memorandum of understanding and cooperation on the Silk Road and the Maritime Silk Road economic projects.

“The Chinese counterpart will be able to construct various roads across the country more so the major Silk and Maritime Silk Road which we have been looking on how it can be completed” he added.

They also agreed to develop the China-Egypt Suez Economic and Trade Cooperation Zone which could bring over 100 companies to work in Egypt and create more than 10,000 jobs. Chinese entrepreneurs have already invested about $500 million in the project and are expected to invest another $2.5 billion.

Other China-Egypt agreements cover such areas as electricity, space development, infrastructure, trade, energy, finance, culture, media, technology and climate change.

Source : constructionreviewonline.com
Posted On: 1/27/2016 12:00:00 AM

Exhibitions in Africa


Place Your Add here
Oilserv Limited
Energy environment Engineering


Ask your questions by e-mail: here

OGPE Africa

© 2014-2024 | OGPEAfrica © All rights Reserved
Sitemap | Imp_Links | Media Partners

OGPE AFRICA is an industry leading and most reliable directory, news and trade fair information website for power, energy, oil, gas, coal, nuclear, wind, hydropower and solar sector in Africa. OGPE Africa helps you find suppliers, contract tenders, importers, exporters, buyers, sellers, distributers and manufacturers of petroleum and fuel products, connected plant, distributed energy, pipeline and drilling equipment, power plants equipments, oil well equipment, emergency equipment and vehicles, drilling tools & cables, wires, transformers across Africa in Kenya, Uganda, Tanzania, Nigeria, Ghana, South Africa, Ethiopia, Egypt, Mozambique, Zambia, Zimbabwe, Angola, Morocco, Senegal, Rwanda, Congo.

Get In Touch