23 Hrs
Source:
اقتصاد سكاي نيوز عربية
Egypt and China strengthen economic ties
The article discusses the development of economic relations between Egypt and China, especially in light of Chinese President Xi Jinping's visit to Cairo, which comes amid rapid growth in trade exchanges and investments between the two countries. In 2025, the volume of trade reached approximately $20.8 billion, with Egyptian imports from China significantly surpassing its exports. Additionally, Chinese direct investments have expanded to over $10 billion, including major projects such as the Teda Industrial Zone in Ain Sokhna. China relies on Egypt as its gateway to Africa and the Arab world for potential markets, especially given Egypt’s robust domestic market, with a population exceeding 120 million people, and its advantage from regional trade agreements that facilitate exports. Areas of cooperation also include expanding investments in energy, transportation, technology, and digital transformation, with a focus on increasing Egyptian exports to China and reducing the trade gap between the two nations. It is expected that economic relations will continue to grow as the two countries celebrate 70 years of diplomatic relations, particularly with the increase in industrial investments and commercial activity within the Suez Canal Economic Zone.
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