Egyptian-Chinese business forum kicks off in Cairo to explore larger investments in Egypt

The Egyptian-Chinese Economic Cooperation Forum kicked off Thursday in Cairo to discuss investment oppurtunities in Egypt, Ahram Arabic news website reported.

The Chinese delegation is headed by Wu Baocai, vice-president of the China Economic Cooperation Centre, Sui Zhengjiang, vice-mayor of Beijing, and Song Aiguo, ambassador of China in Egypt.

The forum is organised by the Egypt's General Authority for Investment (GAFI) in cooperation with the Egyptian Businessmen Association.

The Chinese business delegation, which is comprised of 50 CEOs of the largest Chinese companies, will explore with the Egyptian side about potential investment opportunities the fields of transportation, agriculture, tourism, and petrochemicals.

Members of the Chinese delegation represent 22 of the country's provinces.

The Egyptian side at the forum included prominent Egyptian officials and public figures such as Mohamed Khodeir, the head of Egypt's General Authority for Investment, former PM Essam Sharaf, and the Chairman of Al-Ahram organization Ahmed El-Sayyed El-Naggar.

Khodier explained in the meeting latest economic reform policies adopted by the Egyptian government to improve the investment environment in the country.