State Information Service (SIS) announced that President Abdel Fattah Al Sisi and Chinese Premier Xi Jinping have witnessed the signing of agreements worth a total of USD18.3bn. The projects include the second phase of the New Administrative Capital business district, a refinery at the Suez Canal Economic Zone, the Hamrawein clean coal power plant and the pumped-storage hydroelectric plant in Attaqa. China’s Shandong Ruyi Technology Group signed an agreement yesterday with the Suez Canal Economic Zone to develop a textiles factory there, according to SIS. Shandong Ruyi will be investing USD6.2bn on the new factory, according to Amwal Al Ghad. Tai Shan Gypsum Co. signed an agreement to develop a gypsum board factory, while Xiamen Yanjan New Material Co. signed an agreement for a building materials factory.