Egypt highlights investment opportunities to Chinese firms
Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib showcased Egypt’s positive economic transformation and pro-investment reforms during the Egypt-China Business Forum held on Monday.
In a presentation titled Egypt New Narrative, El-Khatib outlined key reforms aimed at attracting foreign direct investment, boosting competitiveness, and improving the business environment. He also highlighted major incentives available to investors in Egypt.
The minister said his visit to China comes at a time of rapid global change and shared challenges, underscoring the importance of Egypt-China partnership. He stressed that relations between the two countries are rooted in civilisational ties and reinforced by robust political and comprehensive economic cooperation.
El-Khatib noted that the Belt and Road Initiative aligns with Egypt’s Vision 2030, particularly in areas such as sustainable development, infrastructure modernisation, and industrial growth. He pointed to Chinese investments in flagship Egyptian projects including the New Administrative Capital, the energy sector, and the Suez Canal Economic Zone.
He stated that bilateral trade reached around $17 billion in 2024, up from $16 billion in 2023 — a six per cent increase — yet still below the countries’ full potential.
China ranks tenth among countries investing in Egypt, with over 3,050 Chinese companies operating locally and total direct investment reaching $1.2 billion as of end-February 2025. Egypt aims to place China among its top five investors.
The minister spotlighted major Chinese firms active in Egypt such as Haier, Jushi Egypt, TEDA Egypt, Angel Yeast, New Hope, Brilliance Auto, Huawei Egypt, Oppo, and Midea, along with infrastructure giants like China State Construction, China Energy, CHEC, and China Gezhouba Group.
El-Khatib said Egypt attaches great importance to ties with China, noting the establishment of a cabinet-level committee, chaired by the Prime Minister, to oversee cooperation and resolve any obstacles facing joint projects.
He added that Egypt now allows the registration of Chinese companies using the yuan, supported by the Central Bank of Egypt. He also pointed to the investment law allowing 100 per cent foreign ownership and equal treatment for local and foreign investors.
The minister invited Chinese companies to benefit from Egypt’s incentives, especially the “Golden Licence” system, which has already been granted to major firms like Haier and Midea, accelerating project implementation.
He also emphasised competitive tax incentives, with the automotive sector — particularly electric vehicles — a key area of future cooperation with Chinese companies such as BYD, in line with Egypt’s green economy goals.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama