Interview: Egypt's market offers chances, challenges to Chinese investors: chief of key China firm

Egypt offers both opportunities and challenges for Chinese investors, as its strategic geographic location makes the country a marketplace of great potential and influence in the Middle East, Chen Xiaohua, chairman of China Gezhouba Group Corporation (CGGC) International Company Ltd., told Xinhua in an interview on Monday.

Egypt is going to see rising number of manufacturing and infrastructure projects, and that has provided huge opportunities for Chinese companies, said the chairman of the leading Chinese corporation.

"That is why we are going to make the newly-opened CGGC office in Cairo our main regional headquarters in the Arab world and Africa," Chen said.

In his meeting with Egyptian Prime Minister Ibrahim Mahlab on Sunday, Chen made a presentation of projects soon to be launched in the North African nation, including a 1,330-megawatt power station in the Red Sea's Hamraween village, the maintenance project of a main cross-province highway and sanitation projects in Minufiya and Gharbiya provinces.