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Egypt-China partnership boosts trade and investment
Congresswoman Amal Abdel Hamid confirmed that the joint statement between Egypt and China opens a new phase of economic partnership. This phase will focus on attracting greater Chinese investments in priority sectors such as production and industry, with an emphasis on creating added value within the Egyptian economy through technology transfer and industrial localization. The investments include an increase in the renewable energy sector, automobile manufacturing, textiles, and chemical fibers. There will be a particular focus on developing an integrated automotive industrial base and increasing local manufacturing rates. The Suez Canal Economic Zone serves as an important platform for attracting Chinese companies, boosting production and exports. It is also essential to set clear cooperation goals, expand product exchange, and achieve tangible results on the ground—namely, increasing value-added exports, reducing reliance on imports, and creating a flexible business environment using local currencies. This initiative coincides with the 70th anniversary of Egyptian-Chinese relations.
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