21 Hrs
Sky News
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Sky News

2026-09-02T07:00:50.000Z

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Egypt and China explore economic prospects

Egypt and China explore economic prospects

The article focuses on strengthening economic relations between Egypt and China, especially following Chinese President Xi Jinping's historic visit to Cairo, which aims to develop cooperation between the two countries. It highlights the rise in trade volume between Egypt and China, reaching approximately $20.8 billion in 2025, with a 20% growth compared to 2024, along with a significant trade surplus in favor of China. Chinese investments in Egypt are also expanding, particularly in the Teda zone in Ain Sokhna, which is considered a successful model of investment cooperation across sectors such as industry, energy, and infrastructure. China views Egypt as a strategic hub for markets across Africa and the Arab world; Egypt benefits from trade agreements that allow products to be exported to African and European markets. The relationship is also moving into new areas like renewable energy, technology, and artificial intelligence, with an emphasis on the fact that Egypt’s large market is a vital alternative for China amid global tensions. Expectations point to further economic expansion between the two countries in the future.

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