The two factories are said to produce electric and signaling systems and manufacturing parts for metro, highway rails, monorails, and railways. Their strategic location was chosen to facilitate trade in Alexandria
This meeting follows the recent signing of preliminary agreements between SCZone and Chinese companies for projects worth hundreds of millions of dollars during a roadshow in China
Both parties signed a non-binding agreement to explore cooperation in renewable energy and green fuels including ammonia and hydrogen.
Austrian investments in Egypt are across 173 projects in a wide range of sectors such as industry, services, tourism, construction, finance, agriculture, telecommunications, and information technology
This came during a meeting with Mostafa Madbouly, the Egyptian Prime Minister; To review a number of the commission's work files, according to a press release.
This confidence was further buoyed by the positive outlooks issued by global credit rating agencies and international financial institutions, topped by the IMF.
Swiss investments take place in fields of industry, energy, pharmaceuticals, financial services and food.
Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated the pound currency.
Appetite for Egypt’s domestic debt has increased since the central bank floated the pound currency.
Egypt will extend $2.7 billion currency swap agreement with China.
Egypt's Suez Canal revenues rose to $447.1 million in July from $427.2 million in June, the government said on Tuesday.
Egypt attracted $9.8 billion of foreign investment in domestic debt instruments in the 2016-2017 fiscal year compared to $1.1 billion.
Egyptian President Abdel Fatah al-Sisi will visit the Hungarian capital of Budapest this month to attend the Visegrad Summit.
Minister of Investment Sahar Nasr discussed with World Bank (WB) Country Director for Egypt Asaad Alam providing Cairo with the third $1 billion.
Minister of Investment and International Cooperation Sahar Nasr expressed appreciation to Speaker of the House Ali Abdel Aal and other parliamentarians
Egypt and China have agreed upon their cooperation to construct a textile factory which will shortly go into its production phase.
A delegation of U.S. investors has arrived in Cairo, Minister of Investment and International Cooperation Sahar Nasr said.