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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Opens its Doors to Chinese Investments in Strategic Industries

Egypt’s Minister of Finance Mohamed Maait and Amr Moussa meet with the founders of the Egyptian-Chinese Entrepreneurs Association on Monday. (Asharq Al-Awsat)

Egypt’s Finance Minister Mohamed Maait said that his country was opening its doors to Chinese investments, which have greatly increased over the past ten years.

In 2017, China became the sixth largest investor in Egypt. The Asian country invested $28.5 billion in the Arab region, providing about 24,000 job opportunities, of which Egypt was the biggest beneficiary.

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