China looks to double its investments in Egypt to $15 bln – ambassador

China is looking to double its investments in Egypt to around $15 billion buoyed by the market stability, said Chinese Ambassador to Cairo, Liao Liqiang on Sunday.

The Chinese ambassador made these remarks on the sidelines of the sixth edition of China Trade Fair, which is taking place in Cairo.

The three-day event was opened by Liqiang, accompanied by Chinese and Egyptian officials, including representatives from the Chinese provinces of Zhejiang and Jiangxi as well as from Cairo Chamber of Commerce and Egypt-China Trade Centre.

The exhibition occupies an area of around 10,000 square metres, introducing in more than 400 booths the products of at least 195 Chinese manufacturers to Egyptian businessmen and shortening the distance for their joint partnerships.