China directly invests up to $8 billion in Egypt ...Egypt

The General Authority for Investment and Free Zones announced that Chinese companies in Egypt have been able to achieve tangible progress and great results in direct investment, production and employment. There are roughly 2066 Chinese companies with investments in Egypt estimated at about eight billion dollars in various sectors, it said. Egypt has succeeded in becoming the largest African country in attracting foreign investments, the Authority added Despite the repercussions of the Russian-Ukrainian war, the volume of annual investments amounted to $10 billion, and Egypt came in second place in the Arab world in attracting investors –  the volume of foreign direct investments last fiscal

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