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Xi's Egypt Visit Marks 70 Years of Ties
The article concerns the economic and diplomatic relations between Egypt and China. It highlights that Chinese President Xi Jinping is expected to visit Egypt during the current week, marking his first visit to Egypt in nearly ten years and celebrating 70 years of establishing diplomatic ties between the two countries. The visit aims to strengthen cooperation in areas such as trade, investment, energy, and infrastructure. Notably, China accounted for approximately 15% of Egypt's non-oil trade in the first half of 2026, with a trade volume of $11.04 billion. The article also emphasizes the increasing Chinese investments in Egypt, currently valued at around $10 billion, with plans to raise this to $14 billion, supported by approximately 3,971 Chinese companies operating in Egypt. Present and future Chinese projects in Egypt include the establishment of industrial complexes and initiatives in energy and textiles sectors, as well as financial facilities through currency swap agreements and a $200 million loan provided by Egypt to fund infrastructure projects. Furthermore, the article notes that the bilateral relationship is evolving through trade and strategic agreements, with expanding air travel and tourism. It is expected that Egypt's exports to China will reach $1.5 billion by the end of 2026, with anticipated future increases.
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