Chinese President arrives today; deal expected at cUSD10 billion
A high-ranking Chinese diplomat, meanwhile, confirmed that Xi’s trip will net Egypt some USD10 billion in agreements including investment, aid and possibly deposits at the CBE. The two countries are planned to sign final agreements and MOUs regarding the new Administrative Capital, water and sanitation projects, electrical train and power stations. Egypt will receive a USD300 million grant from China for infrastructure development in the new Suez Canal Zone, a government source told Al Borsa. (Al Borsa)
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