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Egyptian-Chinese investments rise in the last 8 years

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 Egyptian-Chinese investments rise in the last 8 years

 

China raised its investments in Egypt to 223 million dollars, to become the largest trading partner.
The trade exchange between the two countries amounted to 19 billion dollars, an increase of 37.3 from 2020.
Despite the Corona pandemic, the volume of Chinese investments in Egypt rose to 223 million dollars, almost doubling from the previous year, and the volume of trade exchange between the two countries reached 19 billion dollars, an increase of 37.3% in the fields of agriculture, roads and clean energy. And Ismailia, Aswan, Eastern and the tenth of Ramadan.

Chinese Ambassador to Cairo Liao Liqiang stressed the depth of Egyptian-Chinese relations in recent years, as his country has been Egypt's largest trading partner for 8 years and has maintained its position throughout those years, adding that Chinese investments in Egypt are the fastest growing and active.

 
 He added, in the first conference held by the Chinese embassy in Cairo this year, that the volume of trade exchange between the two countries reached 19 billion dollars, an increase of 37.3% over last year.

The ambassador explained that Chinese investments in the various Egyptian sectors amounted to about $223 million last year, nearly doubling from 2020.

He revealed that those investments included working on projects in the Administrative Capital and the Tenth of Ramadan City, noting that cooperation in the Suez Canal region contributed to creating more than 40,000 jobs in Egypt.


For his part, the director of the Chinese company expressed his thanks and appreciation for the governor’s reception and his aspiration for fruitful cooperation with the governorate through the implementation of joint projects, noting that the company’s investments in Egypt exceed one billion dollars, and the company has previously implemented a number of giant projects in the field of electricity and solar energy in the governorates of Cairo and Aswan . ,

The director of the company indicated that it was agreed to hold a symposium for experts from both sides to discuss the implementation of a number of projects in the governorate in the field of road construction and renewable energy in the coming period.

The Chinese Ambassador to Egypt, Liao Liqiang, had emphasized the depth of the Egyptian-Chinese partnership, noting that China had maintained its position as the largest trading partner for Egypt during the past 8 years and continued to celebrate this position last year, and considered that Chinese investments in Egypt continued to be active despite the Corona epidemic. And the volume of trade exchange between the two countries reached 19 billion dollars, an increase of 37.3%.

The Chinese ambassador added that Chinese investments last year amounted to about $223 million, doubling from last year, in various Egyptian sectors, which included investments in projects in the Administrative Capital and the Tenth of Ramadan City, and cooperation in the Suez Canal region contributed to creating more than 40 A job in Egypt.

Chinese investments and qualifying graduates for the labor market

The Department of Chinese Language, Faculty of Arts, Helwan University, organized a symposium entitled: (Chinese investments in Egypt and Africa and qualifying graduates for the labor market), attended by Ahmed El-Husseini Eid, a researcher in Chinese-African relations, Cairo University, in the presence of faculty members, the supporting staff, and students of the Chinese Language Department from the four teams.

This is within the framework of preparing Helwan University students for the labor market and linking science to the surrounding developmental issues under the auspices of Dr. Mamdouh Mahdi, acting president of the university, and Dr. Maha Hosny, Dean of the College.

The symposium focused on revealing sustainable economic and trade cooperation, and achieving tangible benefits for the peoples of the two countries. It explained that the areas of joint cooperation represented in a number of aspects, including medicine and health, poverty reduction, and agricultural development, in addition to promoting trade, encouraging investment, digital innovation, green development, and building construction. capabilities, cultural and people-to-people exchange, as well as peace and security.

The symposium also focused on a very important aspect of the Egyptian labor market, which is qualifying and providing young graduates with basic work and life skills that enable them to compete strongly in the labor market and obtain distinctive job opportunities, as well as achieve success in their professional lives, through character building and effective communication, leadership Building confidence, critical thinking, continuing education, teamwork.


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