Egypt in top 5 destinations for China in Belt, Road region

CAIRO – 4 June 2017: Egypt ranked among the top five destinations in the Belt and Road region for investments of the Chinese companies' merger and acquisition (M&A) in terms of transaction volume, the official Xinhua news agency reported Saturday.

Other countries in the ranking are Kazakhstan, Russia, Israel and Singapore, according to a report released by Thomson Reuters, the Chinese Academy of Social Sciences and a research institution under Tsinghua University.

“The energy, power and raw material sectors are major industries attracting China's M&A investment,” read the report.

China's M&A transaction volume in the region hiked from $2.26 billion in 2014 to $9.75 billion in 2016, replacing the United States and Japan to be the top acquiree in 2016, it said.