From March 13 to 15th, Egypt's first economic development Conference, 2,500 politicians and business people from more than 90 countries attended the Egypt Government hopes will deliver Egypt positive signals of economic development on track.
This marked Egypt entered a new era: after three years of political turmoil, 2014 Sessi Government have been basically stable domestic situation, now to open our doors to global investment, and gain a foothold on the enterprise are already on the market.
Egypt Embassy economic and commercial Minister ài yī màn · ā lǐ · ào sī màn authority business told the 21st century business Herald said this week, China Harbor engineering group in the middle of March, Egypt has been a port economic development conference-building orders.
From March 13 to 15th, Egypt hold economic development Conference, invited to the 2,500 politicians and business people from more than 90 countries, promotion of oil and gas and mineral resources development, manufacturing, information and communications, transportation, real estate, investment opportunities in areas such as power and new energy industries, hoping to deliver Egypt positive signals of economic development on track.
Egypt President Sessi announced at the Conference, plans for the next four years Egypt attract $ 60 billion of direct investment and loans. According to statistics, the contracts signed during the Conference, which would be implemented immediately, they realized direct investment amounting to us $ 36.2 billion.
Egypt Embassy economic and commercial Office of Minister ài yī màn · ā lǐ · ào sī màn solely business to the 21st century business Herald said the China Harbor engineering group at the current session Egypt Conference on economic development has been a port construction orders. "This news is correct, but does not disclose the specific amount. ”
Egypt Ministry of transportation and the U.A.E. Al-Suwaidi group in Egypt during an economic development Conference has signed a contract worth US $ 6 billion. Under the contract, Al-Suwaidi will be responsible for the investment of the Group Egypt Ain Sokhna port and further development of the port of Damietta. Also provided in the contract, China Harbor engineering group will act as the main contractor and operators to participate in the construction of these two ports.
China Harbor in 2009 in Egypt since it set up an Office, has been involved in port said container terminal phase ⅱ project, duō mǐ yà tè river dredging projects, and shares Adamia of BOT (build-operate-transfer) project.
In addition to outside the Harbour, ài yī màn · ā lǐ · ào sī màn revealed that the economic development conference over a total of more than 50 Chinese enterprises to participate in, and signed a huge amount of cooperation.
There are two central SOEs: China National building material group, and proud sponsor of the China nuclear industry group as an economic development Conference. Fellow sponsor, Siemens, Coca-Cola, DHL, etc.
Egypt investment administration statistics, by June 2014, Egypt Chinese companies and projects of investment total to 1192, concentrated in the area of investment in industry, construction, finance, information technology, industry, and services.
At present, Egypt invest in Chinese companies that ranked in the top five, namely oil, Egypt Teda company, Egypt development services company, Sino-Egyptian drilling company and brilliance auto companies, including PetroChina in Egypt amounted to 3.3 billion yuan of investment. In addition to these five companies, the State grid, China Harbour and the rock group, has been in Egypt has invested a lot of money.
"Chinese companies in Egypt interested in development, the next step is to implement these projects. "Osman said.
In addition to signed projects directly, investors around the world have also been reached with Egypt amounted to 18.6 billion dollars in project financing agreement, a number of international organizations and foundations alsowith Egypt international cooperation reached a loan agreement totaling nearly $ 5.2 billion. Saudi Arabia, Kuwait and the U.A.E. and Oman 4 countries at this meeting reaffirmed the will to fulfill given Egypt $ 12.5 billion in economic aid commitments. This meeting also signed a total of more than $ 92 billion on heavy investment in framework agreements or memoranda of understanding.
It is reported that this economic conference scheduled to be held in February, but rescheduled to March by coincides with the Chinese new year, to ensure that Chinese investors to participate.
