Egypt’s Economic Boost: Chinese Investment Surges to $8 Billion
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Alaina
- . May 21, 2025
- . Update: May 21, 2025 12:44 am
Over $8 billion has been invested by some 2,800 Chinese companies in Egypt, as indicated by Hossam Heiba, GAFI’s CEO. The news was released during a meeting between Heiba and Wang Weizhong, Governor of Guangdong, where Chinese companies also participated.
Heiba pointed out that Egypt is prioritizing Chinese investments because they can improve the country’s technology and create employment. Work is in progress to approve a total Chinese textile city in Minya Governorate, as three Chinese companies have already obtained golden licenses to do business in Egypt.
They will hold discussions and an investment forum in Cairo during the latter half of 2025. Guangzhou Automobile Group intends to build a $300 million car plant in Egypt. Do not forget to review all of your answers.
Along with this, ZTE CEO Xu Ziyang said that ZTE aims to expand in Egypt and use more Egyptian labor for Chinese technology, as telecom companies in Egypt now need more infrastructure.
