Chinese economic delegation visits Cairo

A Chinese delegation including 24 businessmen is starting today an economic visit to Egypt to discuss commercial cooperation and establish new Chinese investments in Egypt.

The visiting delegation represents the Chinese province of Guangdong, which is among the major Chinese economic areas.

In the same framework, an economic delegation comprising 12 businessmen from Hunan province will visit Egypt.

Ahmed Ragaie, the undersecretary of the Egyptian Ministry of International Cooperation told ArabicNews.com that many Chinese investors expressed their desire to establish joint projects in Egypt, especially after the issuing of investment incentive laws and privileges that foreign investors enjoy in Cairo.