Egypt Daily News – Egypt plans to double Chinese investments in the country to $16 billion over the next four years, up from the current $8 billion, according to Abdel Aziz El-Sherif, head of the Egyptian Commercial Service Authority.
Speaking on the sidelines of a seminar organized by the Egyptian Businessmen’s Association, El-Sherif stated that Egypt is also targeting approximately $15 billion in foreign direct investment through its commercial offices abroad by the end of this year. This would mark a 45.6% increase compared to the $10.3 billion recorded in the previous year.
Strengthening Egypt-China Partnership
El-Sherif’s remarks come as Cairo hosts Chinese Premier Li Qiang in a visit that carries significant political and economic implications.
Against a backdrop of accelerating geopolitical shifts and mounting economic challenges, Egypt and China continue to deepen their bilateral partnership. Egyptian officials increasingly view cooperation with China not as a marginal choice, but as a core element of the country’s strategic direction.
Major Chinese projects in Egypt have made substantial progress across various sectors. According to the latest figures from Egypt’s General Authority for Investment and Free Zones, released in May 2025, around 2,800 Chinese companies are currently operating in the country, with total investments exceeding $8 billion.
