Ambassador Hong mentioned that since Egypt became an official development assistance (ODA) priority partner country in 2021.
The second tranche will be used to support the implementation of the first phase of Line 4 of the Greater Cairo Metro, with a length of 19 km.
In a related context, Egypt's exports of frozen strawberry surged by 30 percent in the first 10 months of 2022.
Prices have since fallen to 1,545 pounds but it's still a jump from 673.5 pounds a year earlier and a sharp premium versus the current $50-51.
GASC said the tender was to supply 30,000, 40,000, 50,000, 55,000 or 60,000 tonnes, plus or minus 5% at the sellers’ discretion.
He touched upon facilities by the government and the Central Bank of Egypt (CBE) to release big quantities of commodities and production supplies.
The top official noted that Egypt has a sufficient strategic reserve of commodities, denying any shortage in commodities across the country.
He noted that by the holy month of Ramadan, a cost of $4 billion of merchandise will be released,.
Egypt seeks to resolve the $9.5 billion import backlog soon to keep the economic wheel turning and keep production running.
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
Saudi Arabia is the second largest investor in Egypt, investing $6.1 billion till now in 6,017 projects in industry, construction, tourism and more.
This came during a meeting held by Madbouly to follow up the markets and preparations for the holy month of Ramadan.
The talks tackled means of benefiting from the great economic potentials of Egypt and Saudi Arabia.
This step aims at meeting the increasing demand for strategic commodities and securing them ahead of Ramadan.
The two sides probed the current preparations for Malabo’s hosting of the GECF’s ministerial meetings next year, the statement added.
He added that 24-karat reached EGP 2012, 18-karat recorded EGP 1509, 14-karat was sold at EGP 1174, and the pound of gold was estimated at EGP 14080.
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt’s food exports.
The Australian company Centamin, which is operating the Sukari gold mine in Egypt, said that there has been an increase in the mine reserves.
The report also explained that exports of printing, packaging, paper, books, and technical works increased to reach $909 million.
The next COP will be held in the United Arab Emirates, which shows how much the region is becoming a diplomatic epicentre.