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Egypt and China sign new agreement to boost cooperation efforts

Ambassador Liqiang also noted that his country looks forward to Egypt’s participation in the Silk Road initiative to enhance Egyptian-Chinese cooperation within the framework of South-South cooperation

By: Business Today Egypt

Mon, Nov. 8, 2021

Minister of International Cooperation Dr. Rania Al-Mashat, and Chinese Ambassador to Egypt Liao Liqiang signed a new Economic and Technical Cooperation agreement, to boost joint cooperation efforts between the two countries.

The new agreement will open up several new financing grants benefiting Egypt’s prioritized sectors, pushing forward Egypt’s Vision 2030.

Minister Al Mashat expressed her aim to expand the partnership’s scope of cooperation in light of the government’s work across several fields and industries towards Egypt’s 2030 Vision, including the localization of the railways industry, increasing local manufacturing, and climate financing.

Ambassador Liqiang praised the two countries’ joint relations, referring to Egypt as the first Arab and African country to establish diplomatic relations with China and as China’s key partner in the region.

Liqiang also noted that his country looks forward to Egypt’s participation in the Silk Road initiative to enhance Egyptian-Chinese cooperation within the framework of South-South cooperation.

The minister and ambassador reviewed several Egyptian-Chinese projects, including the Egyptian satellite project "Misr Sat II”, and the Satellite Assembly, Integration and Test Centre (AITC), as well as the establishment of a vocational training center in the economic zone in the Suez Canal Authority Economic Zone and ongoing projects within the transportation sector.

Minister of International Cooperation Dr. Rania Al-Mashat, and Chinese Ambassador to Egypt Liao Liqiang
Minister of International Cooperation Dr. Rania Al-Mashat, and Chinese Ambassador to Egypt Liao Liqiang

 

Minister Al-Mashat emphasized the Government of Egypt’s keenness to support strengthening sustainable infrastructure and to develop smart transportation projects, including the Electric Train project connecting the New Administrative Capital to Greater Cairo, and Salam City.

This is in addition to enhancing cooperation in the “Decent Life” presidential initiative that aims to develop and improve lives of more than half of Egyptian people, through developing infrastructure and investing in human capital.

Al-Mashat further noted the importance of investing in human capital, as one of the national development plan’s priorities; adding that the successful cooperation between the Ministry of International Cooperation and China in human capital, through which several training programs were organized to enhance the capabilities of the labor force in the government.

The ongoing portfolio of cooperation with China amounts to $1.8 billion, directed to the implementation of several development projects across various sectors such as health, agriculture, education, technical education, electricity, and many more. Over the span of four years, 1,110 training programs were carried out with China, benefiting more than 4,000 governmental officials, in addition to 25 training programs in high-priority fields, benefiting 300 governmental cadres in the fields of health, agriculture, population, and water resources.