China and Egypt are now at the peak of their bilateral relationship after a golden decade of leapfrogging development, and more progress is expected to be made as they continue to deepen cooperation, China’s Ambassador to Egypt Liao Liqiang says.
The two countries have consolidated their political mutual trust, achieved fruitful results in practical cooperation and jointly safeguarded the legitimate rights and interests of developing countries over the past 10 years, Liao said in an interview with China Daily.
“The development of bilateral relations has entered the fast lane and is now at its best,” he said, highlighting the fruitful Belt and Road cooperation between the two countries.
Egypt was among the first countries to respond to the Belt and Road Initiative proposed by China in 2013. In 2016, a memorandum of understanding was signed to boost bilateral cooperation under the initiative.
The two countries have joined hands in building Egypt’s first electrified light rail transit system, establishing Africa’s largest vaccine storage center in the country and constructing a huge cement plant that boasts six production lines, among others.
In addition, the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, a demonstration project set up in 2008 that aligns the BRI with the development of the Suez Canal Corridor Project, has attracted 145 companies with an investment of more than $2 billion.
https://www.chinadaily.com.cn/a/202404/18/WS66207a16a31082fc043c2a1b.html