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Tuesday, 23 May 2017

Egypt wants to see more Chinese investment, Sahar Nasr says in Chinese TV interview

Egypt wants to see more investment from the Chinese government and private sector and worked to drive home that message at the Belt and Road Forum, Investment and International Cooperation Minister Sahar Nasr said in an interview with China’s CTGN Arabic in Beijing last week. The minister said that China is currently the 21st biggest investor in Egypt, and that she hopes to see it among the top in the near future. The Egyptian delegation at the Belt and Road Forum focused on showcasing investment opportunities such as the New Administrative Capital, in addition to breaking down the country’s economic and legislative reforms, including the newly passed Investment Act, the minister said. She also discussed her ministry’s efforts to arrange financing for private sector companies and Egypt’s role in founding the Asian Infrastructure Investment Bank. You can watch the interview in full here (runtime 29:50).

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