Amb. Ekramy El Zaghat: Egypt is more cap...
02 Feb, 2025
Amb. Ekramy El Zaghat Partners with Chinese Firm for $10 Billion Development Project in Egypt
The Center for Studies and Research of the World Fund for Development and Planning signed a strategic memorandum of understanding with the Chinese National Chemical Engineering and Construction Company.
The two parties agreed to establish a strategic relationship for joint action and cooperation in financing and implementing projects in Egypt.
Ambassador Ekramy El Zaghat, President of the World Fund for Development and Planning, agreed to sign a memorandum of understanding with one of the largest Chinese government companies working in the field of construction and private buildings worldwide.
Where Ambassador "Ekramy" affirmed in exclusive statements that he is looking forward to the fruitful results of this cooperation in beloved Egypt, which is one of the best climates for investment opportunities in Africa and the Middle East, hoping that it will be a good business model for the future plans of the development fund program in Egypt, as it is scheduled to The volume of investments is not less than 10 billion dollars in the first phase.
Mr. Zhang Wei, General Manager of the Chinese company in the Middle East, expressed his appreciation for the commitment of WFDP Research and Studies to do its best to obtain opportunities to develop projects to achieve the goals of this great cooperation.
It is worth noting that the protocol was signed in the United Arab Emirates in the presence of the official government working group from both sides and some public figures.
