Over 2,800 Chinese Firms Invest $8bn in Egypt: GAFI Chief

Egypt Secures $8B from China for Textile City, Auto Plant

Egypt receives $8 billion from 2,800 Chinese companies and they intend to build a textile city in Minya and a $300 million automotive factory run by Guangzhou Automobile Group

Over 2,800 Chinese firms invest $8bn in Egypt: GAFI chief

More than 2,800 Chinese companies currently operate in Egypt, with combined investments surpassing $8bn, according to Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones (GAFI). Major investors include OPPO, Haier, Jushi, Midea, TEDA, Huawei, and Brilliance Auto.   Heiba met with Wang Weizhong, Governor of China’s Guangdong Province,

GAFI: Investment agenda between Egypt, China implemented in months - Egyptian Gazette

CAIRO – CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said the government is paying special attention to Chinese investments aiming to transfer Chinese technology to Egypt and generate labor-intensive employment, in addition to large scale of Chinese investments in many areas.  During a meeting Monday between the GAFI’s chairman and Governor of China’s Guangdong Province Wang Weizhong, who led a delegation that i…