Chinese, Egyptian contractors form alliance to win major African projects

A group of Egyptian and Chinese contracting companies have forged an alliance to compete for projects tendered in the African markets, Egypt’s Minister of Housing Moustafa Madbouli announced Tuesday.

Madbouli told Amwal Al Ghad that his ministry would reveal more about the alliance regarding the involved companies by the end of the current February.

The Egyptian minister asserts that the Chinese companies are significant for their experiences and high technical capabilities.

Lately, Egypt and China Railway Group Limited (CREC) have signed a memorandum of understanding to implement two projects in the Egyptian new administrative capital city.