This investment surge comes as China aims to reduce the impact of rising tariffs from the US and explore new opportunities outside of its borders.
The discussions focused on Barceló’s interest in investing in key tourist destinations in Egypt, including Cairo, Sharm El-Sheikh, Hurghada, and Marsa Alam, according to an official statement.
The meeting focused on strengthening bilateral ties between Egypt and Ukraine in key sectors including trade, agriculture, and logistics.
Kuwait-based Ali Alghanim & Sons Group is exploring opportunities for expansion in Egypt, including a potential plan to establish an insulin factory in collaboration with foreign partners.
El-Khatib stressed that the government is working to foster a more competitive and attractive investment environment, particularly in key sectors such as airport development.
