Planning: 150 Chinese companies operating in the Chinese Industrial Zone in Egypt, providing 10,000 job opportunities.

Egyptian-Chinese relations span decades of close cooperation based on mutual respect and shared interests. The comprehensive strategic partnership between the two countries, launched in 2014, represents a successful model of South-South cooperation and contributes to mutual development.

The historic visit of the Chinese President to Egypt in 2014 was an important starting point in Egyptian-Chinese relations. This was followed by the signing of a Memorandum of Understanding on the Belt and Road Initiative, which highlights that relations between the two countries are based on two main aspects: the first relates to investment, with Chinese companies investing in Egypt, and the second relates to development cooperation between the two governments.

Regarding development cooperation, a report by the Ministry of Planning, Economic Development, and International Cooperation indicated that it includes projects in various fields, such as health, satellites, and capacity building. It also noted the role of the China International Cooperation Agency (CIDCA) in supporting Egypt’s development agenda, in addition to China’s signing of a debt swap agreement several years ago. The report noted that Egyptian-Chinese relations also focus on investment and trade, noting the presence of a large number of Chinese companies within the Chinese Industrial Zone in Egypt, where more than 150 companies operate, providing over 10,000 job opportunities, and their activities vary across multiple sectors.

The report emphasized that China is a key partner in this vision, as economic relations between the two countries are witnessing significant development, both in terms of trade volume and direct investment. It also noted the unique investment opportunities Egypt offers, based on its distinguished geographical location, a network of free trade agreements, and legislative frameworks that support business growth.

The report added that the Egyptian government seeks to enhance cooperation with Chinese companies and institutions seeking to expand into the Egyptian market, particularly within the framework of Egypt’s Vision 2030, which includes goals related to sustainable growth, green transformation, and the localization of strategic industries.