Nassar, China’s Huajian group discuss investments plans in Egypt

Egyptian Trade and Industry Minister Amr Nassar discussed on Wednesday with a high-level delegation of the Chinese Huajian group plans of the group’s investments in Egypt.

The discussions came during a meeting Nassar held with the group’s president, Zhang Huarong, in the presence of Commercial Counselor of the Chinese Embassy in Cairo Han Ping and head of Qualified Industrial Zones (QIZ) unit Ashraf El Rabiey, said a statement issued by the Ministry.

The minister said the Chinese company intends to direct its investments to Egypt’s markets during the coming phase especially in the leather industry in Robeky industrial area.

He added the company plans to establish an integrated industrial zone near an airport to set up light industries including textiles, electronics and household appliances. For his part, the Chinese company boss praised Egypt’s economic reforms and the mega projects the Egyptian governments carried out especially the new administrative capital.

He said he visited the textile zone in Sadat city to get acquainted with investment chances in the city which he described an major industrial edifice reflecting the progress of Egypt’s industry.

Source: MENA