17 February 2019 12:39 AM

3rd ministerial meeting of technical committee meant to upgrade production capacity of Egypt,China

Friday، 18 January 2019 - 11:54 AM

Trade and Industry Minister Amr Nassar said the third ministerial meeting of the technical committee for upgrading production capacity of Egypt and China is meant to boost industrial and investment cooperation between the two sides.

He made the remarks during the ministerial meeting. Investment Minister Sahar Nasr co-chaired the Egyptian side with Nassar, while Ning Jizhe of the Chinese National Development and Reform Commission (NDRC) co-chaired the Chinese side with the Chinese deputy industry minister.

In a press statement released on Thursday, Nassar said Egypt is keen on promoting cooperation with China, especially within the framework of the Belt and Road Initiative.

He noted that cooperation with China witnessed a boost over the past period, especially with regard to implementing strategic and development projects.

He highlighted the importance of increasing Egyptian-Chinese investments in the fields of manufacturing electric cars as well as solar energy, mining and textile industries.

Meanwhile, Investment Minister Sahar Nasr said Egypt is looking forward to a leap in the Chinese investments in Egypt, especially in the New Administrative Capital.

Ning Jizhe, who is Vice Chairman the NDRC, lauded common understanding among officials of both sides, paving the ground for a quantum leap in bilateral ties.

MENA

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