Chinese president reaffirms support for expanded investment in Egypt

Egyptian Prime Minister Mostafa Madbouly met Chinese President Xi Jinping on Saturday at the Guest House in Tianjin, on the sidelines of the Shanghai Cooperation Organization Summit, where Madbouly participated on behalf of President Abdel Fattah Al-Sisi. The discussions covered a wide range of political, economic, and development issues of mutual interest.

At the start of the meeting, President Xi noted that next year will mark the 70th anniversary of the establishment of diplomatic relations between Egypt and China, underscoring the importance of the two countries’ growing partnership at both the bilateral and international levels. He described relations between Cairo and Beijing as being at their strongest stage and highlighted his personal friendship with President Al-Sisi as a key factor in the current momentum.

Xi reaffirmed his support for the continued presence of Chinese companies in the Egyptian market and encouraged the expansion of their investments, particularly in renewable energy, electric vehicles, and energy project components. He also expressed support for boosting Chinese tourism to Egypt and for enhanced cooperation in water desalination projects, requesting the designation of a focal point for collaboration in this area. Prime Minister Madbouly confirmed he would meet the nominated Chinese company for desalination cooperation the following day.