No threats attached to China investments

Egypt is only accepting Chinese investments in projects that are mutually beneficial, its investment minister said Sunday, amid growing skepticism in some countries about risks tied to ‘Belt and Road’ investments.

The Belt and Road initiative is an ambitious plan to expand the trade corridor for the Asian giant to link Asia, Europe and Africa, pumping credit into building roads, railways and ports in a trillion-dollar infrastructure drive.

Egypt and China had signed deals worth $18 billion as part of the Belt and Road initiative, Investment and International Cooperation Minister Sahar Nasr said in an interview on the sidelines of the International Monetary Fund-World Bank meetings in Bali.