The expansion will open a new phase of investment in key sectors including renewable energy, automotive manufacturing, textiles and chemical fibers.
This came in an article published by the Middle East News Agency (MENA) marking the 70th anniversary of Egypt-China diplomatic relations.
Held under the theme “Africa Forward,” the summit focuses on strengthening trade and economic partnerships between African nations and France.
The agreement was concluded between Egypt and the European Union, and is funded through a grant worth €75 million.
The statement came during a meeting between President El-Sisi and a delegation from ExxonMobil, led by Ardil Küçükkaya, to review the company’s ongoing exploration activities across Egypt’s onshore and offshore territories.
