El Molla Meets with Chinese Delegation over Projects Development

El Molla Meets with Chinese Delegation over Projects Development

A press release to Egypt Oil&Gas stated that The Egyptian Ministry of Petroleum and Mineral Resources, Tarek El Molla, met with Industrial and Commercial Bank of China ( ICBC) delegation headed by Evy Tsai, the General Manager of ICBC’s Africa Branch.

El Molla said that the government’s strategy is moving forward in line with prompting financial institutions to bring in investment in Egypt.

In this regards, Tsai gave an overview of the Chinese projects financed by ICBC in Egypt including the first phase of  the proposed new capital of Egypt,  the phosphate complex project,  the coal power plants in Hamrawein, in addition to developing Abu Qer railway in Alexandria.

Furthermore, El Molla has shed lights on the promising areas of contribution between the ministry and ICBC ,particularly  petrochemical projects. He also discussed  funding research and exploration projects in a number of General Petroleum Corporation’s concession areas.

As the meeting came to an end, it was agreed to prepare a list of projects to be submitted to ICBC for consideration.

Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


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