Egypt inks $18.3bn deals with Chinese firms

Cairo – Mubasher: Egypt has signed a number of agreements and contracts with Chinese firms worth a combined $18.3 billion, Egypt State Information Service said on Wednesday.

The deals were signed on the sidelines of President Abdel Fattah El Sisi’s visit to China, according to a formal statement.

The projects include setting up the second phase of infrastructure at the new administrative capital, Ataqa coal-fired power plant of Hamrawein, and the textile industrial zone, the authority highlighted.

The deals will also cover establishing a gypsum products factory, an oil refinery, and petrochemical plant in the Suez Canal zone, according to the statement.

Mubasher Contribution Time: 05-Sep-2018 13:10 (GMT)
Mubasher Last Update Time: 05-Sep-2018 13:16 (GMT)