OFFPLAN NEWS

(14.06.2007 )
Egyptian property Egypt expects more Chinese investment

Egypt property land for sale expects more Chinese investment as the country embraces a better environment for foreign direct investment, Egyptian Minister of Investment Mahmoud Mohieddin said on Wednesday.

Mohieddin made the remarks at a press conference after he co- launched a workshop on Egypt's investment reform agenda with Richard Hecklinger, deputy secretary-general of the Paris-based Organization for Economic Cooperation and Development (OECD).

The minister particularly praised a latest Chinese investment of about 10 million U.S. dollars, which will help build a one-stop service building in the Suez industrial zone to provide convenient services for foreign investors.

Mohieddin, who is scheduled to visit China later this year on the occasion of the 50th anniversary of the establishment of diplomatic ties between Egypt and China, said that Egypt welcomes more Chinese investment in various sectors.

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