Egypt, China sign memorandum of understanding on telecommunications

Egypt and China signed a memorandum of understanding on boosting cooperation in fields of information data and telecommunications.

Minister of Communications and Information Technology Ahmad Nazif and Chinese Minister of Information Industry Wu Jichuan signed the memo, the first to be signed by China with any Arab or African nation in this domain.

The memo aims at drawing up strategies and policies in the field of telecommunications and encouraging investment and trade among companies operating in the field of installing and operating communication networks.

In statements to reporters, Nazif highlighted the close relations between Egypt and China, noting that his country is also keen on attracting foreign investments in this domain and is seeking to forge partnership.

Both Egypt and China achieved a distinguished progress in the fields of economy and human resources, remarked Nazif.

The Chinese minister said Egypt is one of the biggest developing countries in Africa and China is likewise the biggest in Asia a matter that further emphasizes the importance of enhancing cooperation between the two countries to pave the way for cooperation between Africa, Asia and the Arab states.

He stressed Chinese industrial companies' enthusiasm to start partnerships with their counterparts in Egypt, adding that this would push forward development in both countries.