Egyptian Ambassador talks about bilateral ties

With regard to investment, the volume of Chinese investment in Egypt is relatively small; it does not reflect the potentialities of both countries and the deep relations between them. China is the 21st largest foreign investor in Egypt, but I expect this will change in the near future. We are trying to attract more foreign investments, with a special focus on Chinese investors. Egypt adopts a strict economic reform program, and we have recently issued a new investment law. According to estimates, we are moving in the right direction, and this will increase the competitiveness of the Egyptian market and lure foreign investors. –Global Times/

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