Over 140 Chinese companies operate in Egypt
More than 140 Chinese companies operate in Egypt in industrial, building, and services projects, Minister of Finance Mohamed Maait stated on the sidelines of launching the Egyptian-Chinese Businessmen Association, according to an official statement on November 28th.
55% of Chinese companies in Egypt specialize in the industrial sectors, while 20% and 12% operate in the building and services sectors, respectively, Maait noted.
He revealed that Egypt and China focused on cooperation in strategic industries, including artificial intelligence, space technology, and e-commerce.
In 2017, Chinese investments in the Arab world reached $28.5 billion, creating over 24,000 jobs, Maait added.