{"id":624224,"date":"2018-09-03T04:15:29","date_gmt":"2018-09-03T04:15:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/egypt-and-china-sign-agreements-worth-usd-18-3-bn-ittihadiya-confirms\/"},"modified":"2018-09-03T04:15:29","modified_gmt":"2018-09-03T04:15:29","slug":"egypt-and-china-sign-agreements-worth-usd-18-3-bn-ittihadiya-confirms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/egypt-and-china-sign-agreements-worth-usd-18-3-bn-ittihadiya-confirms\/","title":{"rendered":"Egypt and China sign agreements worth USD 18.3 bn, Ittihadiya confirms"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>INVESTMENT WATCH- Get ready to learn a bunch of hard-to-pronounce names as Egypt and China sign agreements worth USD 18.3 bn:<\/strong> The picture of is becoming clearer on the agreements signed in Beijing, as the <a href=\"http:\/\/sis.gov.eg\/Story\/174464\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D8%B1%D8%A4%D8%B3%D8%A7%D8%A1-%D9%83%D8%A8%D8%B1%D9%89-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D9%84%D8%A9-%D9%81%D9%89-%D9%85%D8%B5%D8%B1-%D9%88%D9%8A%D8%B4%D9%87%D8%AF-%D9%85%D8%B1%D8%A7%D8%B3%D9%85-%D8%A7%D9%84%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%B9%D9%84%D9%89-%D8%B9%D8%AF%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D9%85%D8%B9-%D8%AA%D9%84%D9%83-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA?lang=ar\">State Information Service (SIS) announced<\/a> that President Abdel Fattah El Sisi and Chinese Premier Xi Jinping have witnessed the signing of agreements worth a total of USD 18.3 bn. The projects <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/02\/el-sisi-signs-five-cooperation-agreements-with-chinese-president-xi-jinping\/\">we noted in yesterday\u2019s edition<\/a> account for the bulk of the agreements, including the second phase of the new administrative capital business district, a refinery at the Suez Canal Economic Zone, the Hamrawein \u201cclean coal\u201d power plant, and the the pumped-storage hydroelectric plant in Attaqa. China\u2019s Shandong Ruyi Technology Group signed an agreement yesterday with the Suez Canal Economic Zone to develop a textiles factory there, according to SIS. Shandong Ruyi will be investing USD 6.2 bn on the new factory, according to Amwal Al Ghad. Tai Shan Gypsum Co. signed an agreement for the development of a gypsum board factory, while Xiamen Yanjan New Material Co. signed an agreement for a building materials factory.<\/p>\n<p>The signing took place <strong>following a meeting between President El Sisi and China\u2019s top business leaders on Sunday<\/strong> during which El Sisi pitched them on investing in infrastructure, petrochemicals, ICT, energy and logistics.<\/p>\n<p><strong>El Sisi also talked about investment with Chinese Prime Minister Li Keqiang<\/strong>, <a href=\"http:\/\/sis.gov.eg\/Story\/174462\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%8A-%D9%8A%D8%B9%D9%82%D8%AF-%D9%84%D9%82%D8%A7%D8%A1%D9%8B-%D9%85%D8%B9-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%89?lang=ar\">according to the SIS<\/a>. The two leaders agreed on taking additional steps to promote Egyptian exports to China as well as boosting Chinese tourism to Egypt. El Sisi also visited the Central Party School of the Communist Party of China, the country\u2019s top academy specializes in training government and communist party officials, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/469283833591002?__xts__%5b0%5d=68.ARBYOPU3ansu1Zq-RMenGQiulQIcCtImB4D_TSxr50ghBu4GfFv7D8AKY9cdZEIPgdZQNIKhrpWn3Iu2NQFI1wjMqLoB3bM6KDW2E4NiK3ChwqytwtpKQPMIqlxe1_6c-YrzxR7LNluzHbv_NNsztmfRX7Hgstqds9NKp5gclcA9PsH8Y7_D&__tn__=-R\">according to an Ittihadiya statement<\/a>.<\/p>\n<p><strong>Engagement with Ethiopia, East Africa tops Egypt\u2019s agenda at China-Africa Forum:<\/strong> As we\u2019ve previously reported, El Sisi is in Beijing for the <a href=\"http:\/\/focacsummit.mfa.gov.cn\/eng\/\">China-Africa Cooperation Forum<\/a>. The president met yesterday with a number of African heads of state yesterday. He agreed in a sit-down with Ethiopian Prime Minister <strong>Abiy Ahmed<\/strong> to push forward with talks to reach a final settlement on the issue of the Grand Ethiopia Renaissance Dam, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/469450910240961\">Ittihadiya spokesperson Bassam Rady said<\/a>. El Sisi also met with Sudanese President <strong>Omar Al Bashir<\/strong>, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/469451870240865\">Ittihadiya said<\/a>. El Sisi also discussed cooperation with Somalia\u2019s President <strong>Mohamed Abdullahi Mohamed<\/strong>, <a href=\"http:\/\/sis.gov.eg\/Story\/174461\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D9%8A%D9%84%D8%AA%D9%82%D9%89-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%B5%D9%88%D9%85%D8%A7%D9%84%D9%89-%D8%AE%D9%84%D8%A7%D9%84-%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%B3%D9%8A%D8%A7%D8%AF%D8%AA%D9%87-%D9%84%D9%84%D8%B5%D9%8A%D9%86?lang=ar\">says the SIS<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Get ready to learn a bunch of hard-to-pronounce names as Egypt and China sign agreements worth USD 18.3 bn: The picture of is becoming clearer on the agreements signed in Beijing, as the State Information Service (SIS) announced that President Abdel Fattah El Sisi and Chinese Premier Xi Jinping have witnessed the signing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624224","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b87eef4b-aa1f-4d12-aea8-20646f15defc","order":"0","is_powered_by":true,"section_story_id":"9dbe1ddd-8c3b-41ac-a125-87d9aec68b3a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624211],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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While the presidency confirmed no detail of the pacts, information has filtered into\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624277,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/china-state-construction-inks-usd-9-6-bn-worth-of-agreements-with-egypt\/","url_meta":{"origin":624224,"position":1},"title":"China State Construction inks USD 9.6 bn worth of agreements with Egypt","author":"enterpriseam admin","date":"4 September 2018","format":false,"excerpt":"INVESTMENT WATCH- More from China as CSCEC signs USD 9.6 bn in new agreements: China State Construction Engineering Corporation (CSCEC) signed USD 9.6 bn in new agreements with Egypt in the latest round of contracts signed during the China-Africa Cooperation Forum in Beijing, according to Reuters\u2019 Arabic Service. CSCEC, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653189,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/31\/sczone-signs-agreements-worth-usd-15-bn-in-2016-annual-performance-report\/","url_meta":{"origin":624224,"position":2},"title":"SCZone signs agreements worth USD 15 bn in 2016 -annual performance report","author":"enterpriseam admin","date":"31 January 2017","format":false,"excerpt":"The Suez Canal Economic Zone (SCZone) signed nine agreements worth USD 15 bn in 2016, according to a yearly performance report picked up by the press last night. Four of these agreements came after years of fruitless talks, such as the USD 200 mn investment by TEDA. Other agreements include\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639272,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/25\/usd-27-3-bn-to-be-invested-in-gas-fields-usd-15-5-bn-worth-of-exploration-agreements-to-be-signed-next-year\/","url_meta":{"origin":624224,"position":3},"title":"USD 27.3 bn to be invested in gas fields, USD 15.5 bn worth of exploration agreements to be signed next year","author":"enterpriseam admin","date":"25 October 2017","format":false,"excerpt":"USD 27.3 bn to be invested in gas fields next year: Some 230 new wells will be drilled at a cost of USD 2 bn in 2018, while approximately USD 27.3 bn will be invested in the Zohr, North Alexandria, and Nooros fields, Oil Minister Tarek El Molla said yesterday,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627050,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/egypt-to-receive-usd-380-mn-tranche-of-usd-3-bn-loan-from-itfc\/","url_meta":{"origin":624224,"position":4},"title":"Egypt to receive USD 380 mn tranche of USD 3 bn loan from ITFC","author":"enterpriseam admin","date":"18 July 2018","format":false,"excerpt":"Egypt to receive USD 380 mn tranche of USD 3 bn loan from ITFC: The International Islamic Trade Finance Corporation (ITFC) signed off on the disbursal of the first tranche of a USD 3 bn loan agreement signed with Egypt last January, ITFC CEO Hani Sonbol said yesterday, Al Mal\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631279,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/egypt-kfaed-sign-five-loan-grant-agreements-worth-egp-5-bn\/","url_meta":{"origin":624224,"position":5},"title":"Egypt, KFAED sign five loan, grant agreements worth EGP 5 bn","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"Kuwait earmarks EGP 5 bn to Sinai development projects: Investment and International Cooperation Minister Sahar Nasr signed yesterday five agreements worth a combined EGP 5 bn (KWD 86.1 mn) with the Kuwait Fund for Arab Economic Development (KFAED) to support development projects in Sinai, according to a ministry statement. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=624224"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624224\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624211"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624224"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624224"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}