Arab Finance: During his visit to the New Valley Governorate, Dr. Mostafa Madbouly, Prime Minister, was keen to meet with a delegation from the Egyptian-Chinese Businessmen Foundation, in the presence of Dr. Ashraf Sobhi, Minister of Youth and Sports, Dr. Hani Sweilem, Minister of Water Resources and Irrigation, and Dr. Manal Awad, Minister of Local Development, and Aladdin Farouk, Minister of Agriculture and Land Reclamation.
Dr. Mustafa Madbouly indicated that there is room for cooperation with the businessmen members of the delegation, especially in a number of crops, converting palm leaves into wood, as well as what is related to greenhouses through which various agricultural crops can be exported abroad.
The Prime Minister noted that the projects planned for implementation will be followed up, to identify any challenges or obstacles that the implementation process may face, and work to remove them, stressing the Egyptian government’s full support for various Chinese projects in Egypt.
Dr. Mostafa Madbouly pointed out that there are areas of cooperation and close relations with the Egyptian and Chinese political leadership, praising the Chinese President’s indication at the opening of the China-Africa Cooperation Forum of his keenness to support investment in Africa.
The Secretary-General of the Egyptian-Chinese Businessmen Foundation said that there are several areas of cooperation between the two sides, whether in the agricultural field or new and renewable energy, pointing to the visit made by a delegation that includes a number of Top Chinese agricultural companies To Egypt recently, to explore the Egyptian market, as well as the visit made by the Governor of the New Valley to participate in the Agricultural Innovation Conference in Beijing last month, which included meeting with a large number of private sector companies from the Chinese side to discuss ways of cooperation.
He added: As a result of this very successful visit, the Chinese side decided to begin immediate work on organizing agricultural investment operations inside Egypt by forming an alliance that includes a large number of companies with the aim of establishing an integrated agricultural community on an area of ​​one million acres in the New Valley Governorate to include the cultivation of strategic crops for the Egyptian state with higher productivity. Limited use of water, cultivation of crops of high economic value such as: aromatic and medicinal plants, establishing an agricultural greenhouse complex for growing fruits with the aim of exporting to Europe, establishing a complex for advanced agricultural research, and establishing an integrated agricultural industrial complex to localize a number of industries. Agriculture in Egypt, provided that clean and renewable energy generation plants are established within the framework of the project, explaining that this idea came along the lines of the Chinese industrial zone in the Suez Canal Economic Zone (TEDA), with this project being a comprehensive Chinese agricultural zone in cooperation with the government and the Egyptian private sector.
Related news
