GAFI: 3,366 Chinese firms operating in Egypt across multiple sectors
The number of Chinese investing companies in Egypt has jumped to 3,366 firms, operating across multiple sectors, including textiles, ready-made garments, solar panels, chemical industries, automotive manufacturing, and logistics services, according to the General Authority for Investment and Free Zones (GAFI). Speaking during her participation in the Investment Promotion Forum at the 26th China…
The General Authority for Investment and Free Zones (GAFI) in Egypt reported that the number of Chinese investing companies in Egypt has surged to 3,366 firms, spanning various industries such as textiles, ready-made garments, solar panels, chemical industries, automotive manufacturing, and logistics services. This figure was disclosed by GAFI Deputy CEO Eman Mansour during her address at the Investment Promotion Forum held at the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen from September 8th to 11th.
Mansour emphasized the expanding ties between Egypt and China in investment partnerships and showcased the "TEDA Egypt" project in the Suez Canal Economic Zone as a prime example of industrial cooperation, local manufacturing integration, and export-focused production. Sustainability is a key component of Egypt's economic development plans, with the government aiming to elevate green public investments to 60% of total public investments by FY2026/2027.
GAFI officials, during the event's sidelines, also engaged in discussions with investment agencies from Saudi Arabia, Malaysia, and China, focusing on expanding cooperation in sustainable investment areas, boosting private sector competitiveness, linking it to global value chains, and sharing expertise and institutional cooperation.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
