The agreement was signed by Industry Minister Khaled Hashem and Wang Lin, Vice Chairman of Linglong Tire, in the presence of Prime Minister Mostafa Madbouly.
The expansion will open a new phase of investment in key sectors including renewable energy, automotive manufacturing, textiles and chemical fibers.
Xi Jinping said China is ready to work with Egypt to strengthen their comprehensive strategic partnership and support the two countries’ development and modernization efforts.
This came in an article published by the Middle East News Agency (MENA) marking the 70th anniversary of Egypt-China diplomatic relations.
Xinhua president says Arab-Chinese ties have become a model for international cooperation and development.
