Egypt-China trade exchange hits $15.7bln in 2023

In a meeting headed by Prime Minister Mostafa Madbouly, El-Minshawi stated that more than 2,600 Chinese companies have invested $8 billion in Egypt last year

Staff Writer, Arab Finance

May 26, 2024

PHOTO

Trade exchange between Egypt and China reached $15.7 billion in 2023, with Egyptian exports to China recording $881 million, First Assistant to Prime Minister Randa El-Minshawi announced.

In a meeting headed by Prime Minister Mostafa Madbouly, El-Minshawi stated that more than 2,600 Chinese companies have invested $8 billion in Egypt last year.

The China-Egypt TEDA region currently hosts over 140 companies operating in the industrial, logistics, and services sectors, she pointed out.

These companies have invested over $3.3 billion in TEDA, creating over 10,000 job opportunities, she added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.