China is looking to more than double its investments in Egypt to USD 15 bn from USD 7 bn currently, Chinese Ambassador to Cairo Liao Liqiang said on the sidelines of the China Trade Fair in Cairo. Liqiang did not provide a timeframe, but said he expected a business delegation to visit Cairo soon for talks. The fair aims to strengthen trade between the two countries amid efforts to turn Egypt into a logistics and exports hub for Chinese products.

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