El-Khatib reviews 6 Chinese companies’ investment plans in Egypt

Updated 6/29/2025 9:30:00 AM

Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib held a meeting with officials from six major Chinese companies to explore ways to enhance Chinese investments in the Egyptian market, according to a statement.

This came on the sidelines of the Egyptian-Chinese Investment Forum, organized by the Shanghai Commercial Office.

El-Khatib and Zhejiang Holding’s Chairman reviewed the company's plan to inject initial investments estimated at $20 million in the Egyptian clothing and textile sector, with a future expansion to $50 million over five years.

The minister also welcomed new investments in this vital sector, particularly in light of Egypt's competitive advantages in energy costs, infrastructure, and access to international markets.

El-Khatib also held a meeting with the Chairman of Jiangsu Fashion Clothing Co., which intends to establish a new garment and textile factory with an initial investment of $20 million.

The factory’s output will be allocated for export, particularly to European and American markets, upon free trade agreements concluded by Egypt with various countries and economic blocs.

As for the petroleum services sector, the minister reviewed the available investment opportunities in Egypt's oil and gas exploration and production and integrated drilling services with Zhongman Petroleum and Natural Gas Group’s (ZPEC) deputy manager.

In line with the government’s objectives to promote green industries, El-Khatib met with the Vice President of Longi Green Energy Technology Co. and discussed cooperation opportunities in the renewable energy sector, particularly in the manufacturing of solar panels and the transfer of technology to the Egyptian market.

The minister asserted the government's keenness to attracting investments that support the localization of advanced technology and create production value chains that drive sustainable industrial growth.

He also met with the General Manager of Deli Group and addressed the latest developments regarding the group's project in Egypt, which is being built on an area of 160,000 square meters to produce stationery and school supplies.

With total investments of approximately $200 million, the project offers around 2,000 job opportunities.

The meeting also discussed the group’s request to acquire an additional plot of land in the same industrial zone to expand its operations by adding a new production line for paper printing machines.