Egypt and China have reaffirmed their commitment to deepening economic and investment cooperation during the Guangdong-Egypt Economic and Investment Cooperation Forum, held in Cairo with the participation of high-level officials, government representatives, and business leaders from both countries.
The forum focused on exploring new investment opportunities and expanding collaboration in priority sectors such as industry, technology, transportation, infrastructure, and clean energy, reflecting the growing strategic partnership between the two nations.
In his remarks, Mohamed El-Gawsaky, Assistant Minister of Investment and Foreign Trade, emphasized the longstanding ties between Egypt and China, which span over 70 years. He highlighted that Egypt was among the first countries to establish diplomatic relations with the People's Republic of China.
El-Gawsaky, noted that bilateral trade volume reached approximately \$17 billion in 2024, with China ranking among Egypt’s top five investment partners. He also underlined the strategic importance of Guangdong Province, one of China’s leading economic regions, as a key partner for Egypt in various advanced industrial sectors.
He further outlined Egypt’s efforts to improve its investment climate through legislative reforms, the establishment of investor support units, and a range of investment incentives. "Egypt welcomes all forms of cooperation with Chinese companies, particularly in high-tech industries, electric vehicle manufacturing, and battery components," El-Gousqy stated.
He also stressed the importance of aligning Egypt's Vision 2030 with China’s Belt and Road Initiative to leverage the competitive advantages of both countries and open new avenues for public-private partnerships.
The forum concluded with a joint call to maintain institutional dialogue and coordination, and to enhance bilateral cooperation mechanisms in support of shared economic growth and sustainable development.
Follow the latest news on Google News
