The Egyptian Ministry of Electricity expects to sign six new agreements for Chinese investment in Egypt’s electricity infrastructure projects during Chinese President, Xi Jinping’s visit to Cairo in January, Amwal Al Ghad reports.
According to Electricity Minister, Mohamed Shaker, the ministry expects to sign the deals with the China Export and Credit Insurance Corporation (Sinosure) and the Export-Import Bank of China.
President Jinping will also attend the signing of the final contracts for projects in the new administrative capital with the Arab Contractors Company, the Petroleum Projects & Technical Consultations Co. (Petrojet) and the China State Construction Engineering Corporation (CSCES).
Chinese and Egyptian Presidents will also discuss regional matters and bilateral cooperation between Beijing and Cairo. The visit is a part of China’s President’s tour in the Middle East region, the first in more than ten years.