Steady and Healthy Development of Economic and Trade Cooperation in Egypt

Egyptian bilateral relations have developed steadilyinvestment company in the Middle East mining kaolin
and smoothly in various undertakings, trade andmine development project of about 10 million U.S.
economic cooperation has made gratifyingdollars. To be entered into a larger project: the
achievements.Egyptian Ministry of Communications and Huawei
First, rapid development of Sino-Egyptian bilateralprogram jointly established in Egypt, the "wireless
trade, a good momentum.broadband (WIMAX) and IPTV Joint R & D
In 2006, bilateral trade volume reached 3.193 billionCenter" project, capital size of about 500 million U.S.
U.S. dollars, up 48.8%, of which 2.976 billion U.S. dollarsdollars, CATIC companies to bid for Egypt
on the Egyptian exports, up 53.9%; from EgyptEL-SEWEDY company transformer project, contract
imports 217 million U.S. dollars, up 2.7%. From thevalue of about 20 million U.S. dollars.
trade structure, I mainly exported machinery andCurrently following a larger project: CITIC /
electronic products, textile yarn, fabrics and products,Commonwealth of aluminum electrolytic aluminum
apparel and clothing accessories, high-tech products,project in Egypt to be contracted, the contract
mainly imported marble, crude oil, cotton, steel andamount of about 800 million U.S. dollars, HQCEC and
other primary products.CATIC Egyptian companies were tracking copper
Second, Sino-Egyptian Economic Zone project inrefining projects with a total investment of about 3
cooperation Aisuyishi new progress.100 million U.S. dollars, CATIC and Northern Egypt,
I invested 12.5 million U.S. dollars of the non-woventracked by National Railway Company 200
textile machinery plant construction projectsmotorcycle purchases, the company tracked CATIC
progressing smoothly, is expected to be completedtransform the signals of 250 km railway project,
by the end of the equipment was delivered andbogie replacement project in Cairo, Egypt Metro Line
installed at the same time; I invest 2.18 million U.S.3 projects.
dollars in Tianjin, stainless steel project has been toFifth, I made a major breakthrough in Egyptian
Egypt and all the equipment, being equipmentassistance operations.
installation and commissioning and trial production;In 2006, China and Egypt signed a number of
invest 800,000 U.S. dollars in Tianjin White Roseeconomic and technological cooperation agreement
knitted garment replenishment of 1.2 million U.S. dollarsforeign aid and strong impetus to Sino-Egyptian
project, and replace the plant, it is proposed toeconomic and technological cooperation. Mushroom
further expand the investment scale; Egypt and thecultivation demonstration base project has been
third home factory buildings has been completed. Inimplemented for over a year, the project proceeded
addition, Sichuan Honghua company, Egypt Su Weidismoothly and has a large number of fruiting; Distance
from Egypt joint venture company intends toEducation II project, the Corporation and the
purchase land for large-scale industrial projects.Egyptian Ministry of Education, through building
Third, the rapid development of China's investment ininfrastructure, Council on May 30 signed a
Egypt.construction contract, project delivery end of the
According to Egypt's statistics, as of October 2006,year; Chinese school construction project contract
Chinese enterprises and citizens registered in Egyptwas signed in September and was formally
to establish joint ventures, wholly-owned company acommenced on December 18; DC one-stop
total of 277, the actual investment of about 300investment service building in the project design
million U.S. dollars. Representative of the investmentcontract was signed in September, signed in 2007
projects are: the non-woven textile machinery items;can be construction contracts; use my Egyptian
Nile Textile Group; Egypt and the Great Wall Drillingforeign aid offers discount loan holding company
Company; Egypt Brothers Shoe Company; Egyptsubsidiary polyester cotton plant modification project
Yuncheng Engraving Co., Ltd.; Galaxy Socks Co., Ltd.,is progressing well; will use my discount loan discount
drilling Samoa companies. Chinese companies in Egypt,Cairo International Conference Centre, the
Port Said, Duomiyate investment and cooperationimplementation of reform and supporting the hotel
talks in Hong Kong has entered the final stage, theconstruction projects project financing framework
total investment is expected to nearly 100 million U.S.agreement has been signed.
dollars.Sino-Egyptian cooperation in personnel training
Fourth, the "going out" strategy, contract engineeringbetween the two countries have made positive
contract in Egypt to carry out a major breakthroughprogress. In 2006, I received a total of 76 categories
in large projects.of personnel training for the Egyptian people, including
To the current larger projects have been signed:ministry officials, 6, 6 departmental officials involved in
Huawei contracted third mobile license in Egypt 130trade, administration, health care, transportation,
million U.S. dollars project, Hubei Pengxiang Trade andcustoms, tourism and other fields. The two sides are
Economic Development contracted cement projectscurrently in Egypt to further strengthen cooperation
in Aswan, Egypt MEDCM 28 million U.S. dollars, Chinain personnel training, coordination, and strive for new
Technology Import and Export Companies bear thebreakthroughs in 2007.