Tuesday, 17 October 2017 11:19 GMT
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Egypt- Nasr looks into increasing Chinese investments with Export-Import Bank

(MENAFN - Daily News Egypt) Sahar Nasr, the Minister of Investment and International Cooperation, met with a delegation from the Export-Import Bank of China, in the presence of Hang Peng, the Chinese plenipotentiary minister, at the headquarters of the Ministry of Investment.

The delegation presented a number of projects it finances, including the electric train, which will connect the 10th of Ramadan City and the New Administrative Capital, in addition to a project of a multi-purpose station in Alexandria Port.

The minister stressed that the projects maintain international standards to suit the needs of Egyptians and the government's programme while maximising the local component, in order to help introduce new technologies as well as provide jobs.

She noted that the ministry is working on improving the business environment and investment climate in Egypt.

She expressed her aspiration to increase Chinese investments in Egypt so that they would rank the 10th among the countries with largest investments in Egypt, which will positively reflect on the strategic partnership between the two countries.

The minister has also met with Zahid Muzaffar, CEO of the Oil and Gas Development Company Limited (OGDCL), affiliated to the Pakistani government. She also met with a member in the investment committee in the Pakistani cabinet as part of the effort to strengthen the economic and investment cooperation between the two countries.

The meeting included discussions about ways to develop and support the relations between both countries, especially in the field of petroleum, as well as activate the economic and technical cooperation agreement signed in 2011.

The minister stressed the importance of encouraging Pakistani investors to increase the volume of their investments in Egypt.

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Egypt- Nasr looks into increasing Chinese investments with Export-Import Bank