21 deals agreed between China, Egypt including infrastructure and banking
1,170 views · Published 22 January 2016 · 1:40 · Indexed 31 October 2026
Channel: CGTN Africa · 2016 · News & Politics
China and Egypt have signed 21 deals including a billion financing agreement with Egypt's central bank and a 700 million dollars loan agreement with the state-owned National Bank of Egypt. Ministers from the two countries signed the deals, many of them memorandums of understanding at a meeting in Cairo during a visit by Chinese President Xi Jinping. An agreement between Egypt's Housing Ministry and a Chinese developer to work on the first phase of a new Egyptian administrative capital was also part of the agreement.
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