China’s US$7 B investment in Egypt will enhance cooperation in energy, technology, and manufacturing, generate thousands of jobs, and deepen strategic ties under the Belt and Road Initiative and Egypt Vision 2030.
China is set to invest US$7 B in Egypt’s economy to strengthen bilateral cooperation in industrial development, renewable energy, and digital technology. The initiative aims to accelerate Egypt’s economic modernization while reinforcing China’s role as a strategic partner in North Africa. Several major projects are already being discussed, including new industrial parks and clean-energy facilities.
Liu Yinfeng, Counsellor-Minister at the Department of West Asian and North African Affairs of China’s Ministry of Foreign Affairs, announced that about 5 K new jobs have already been created in Egypt through Chinese investments. He emphasized that the growing collaboration between the two countries reflects deep political trust and shared economic goals under the Belt and Road framework.
Further plans include expanding cooperation in high-tech industries such as space exploration, electric vehicle production, and infrastructure projects around the Suez Canal and the New Administrative Capital. These efforts are aligned with Egypt’s national development plan, “Egypt Vision 2030,” which aims to transform the country into a regional industrial and trade hub.
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