Egypt’s Investment Authority Meets Chinese Delegation of Innovators

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Discussions affirmed Egypt’s readiness to receive significant Chinese investments shortly, stating Fudan University would use its connections within the Chinese business community to promote investment opportunities in Egypt.

Egypt’s General Authority for Investment and Free Zones (GAFI) hosted a forum with a Chinese delegation to explore linking the Egyptian business community with innovation leaders in China and enhance investment partnerships, GAFI said in a statement.

The Egyptian-Chinese Forum for Enhancing Investment, Innovation and Entrepreneurship Partnerships featured a delegation from Shanghai, described as China’s economic capital. It included dozens of university professors and business leaders led by Xiongwen Lu, Dean of the School of Management at Fudan University, founding director of its Marketing Research Centre, and a board member of several multinational and large industrial companies in China.

Lu affirmed Egypt’s readiness to receive significant Chinese investments shortly, stating Fudan University would use its connections within the Chinese business community to promote investment opportunities in Egypt.

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He highlighted the depth of bilateral ties, noting the upcoming 70th anniversary of diplomatic relations next year. He recalled the 2014 elevation of the relationship to a comprehensive strategic partnership, signed in the presence of President Abdel Fattah Al-Sisi and President Xi Jinping, and Egypt’s early participation in the Belt and Road Initiative.