Egypt's President El-Sisi Explores Enhanced Cooperation with Chinese Energy Companies
Key Ideas
- President El-Sisi aims to increase Chinese investments and cooperation with Chinese companies in Egypt, with a focus on green hydrogen projects.
- China Energy and Egypt discuss expanding projects, localizing industries, and creating job opportunities in the Egyptian market.
- Chairman of China Energy highlights Egypt's potential in energy and green hydrogen sectors, expressing commitment to mutual cooperation.
President Abdel Fattah El-Sisi of Egypt held meetings with Song Hailiang, Chairman of the Board of China Energy Engineering Corp., and senior executives during his state visit to Beijing. El-Sisi emphasized Egypt's interest in increasing Chinese investments and cooperation, particularly with China Energy. The discussions included a focus on green hydrogen projects and the development of mutual cooperation. The Egyptian government values the existing partnership with China Energy and aims to enhance coordination, benefit from the company's expertise, and expand its projects in Egypt. China Energy expressed commitment to further developing cooperation with Egypt, acknowledging the country as a promising market in the energy and green hydrogen sectors. Additionally, President Sisi met with Chairman of China State Construction Engineering Corp. to discuss infrastructure developments in Egypt and opportunities for foreign investors. El-Sisi urged Chinese companies to increase their investments in Egypt to strengthen bilateral relations and capitalize on the growing infrastructure sector. The meetings underscored Egypt's focus on localized industries, technology transfer, workforce training, and job creation in collaboration with Chinese partners.