At the start of the meeting, the Minister welcomed the Bank
President, praising the long-standing partnership and Exim Bank’s pivotal role
in financing priority projects. She highlighted that this reflects the depth of
Egypt-China relations under the “Comprehensive Strategic Partnership” signed in
2014.
Dr. Al-Mashat presented the “National Narrative for Economic
Development: Policies Supporting Growth and Employment,” launched as a national
framework outlining Egypt’s economic policies through 2030. She emphasized that
economic stability, strengthening the private sector, and increasing
productivity in exportable sectors are key pillars for the next phase. She also
highlighted the National Structural Reform Program, which aims to improve the
business environment, boost local manufacturing, and transition towards a more
competitive, innovative, and sustainable economy.
She expressed appreciation for Exim Bank’s role in financing
and implementing the first and second phases of the Light Rail Transit (LRT)
project, as well as the ongoing third phase and the planned fourth phase in
cooperation with China. She noted that the LRT project has become a prominent
model of Egyptian-Chinese cooperation in green transportation. She added that
Egypt’s diverse infrastructure projects enhance the economy’s competitiveness
and improve the investment climate.
Al-Mashat also highlighted Egypt’s green transition efforts,
particularly through the National Green Projects Platform, the “NWFE” program,
which has become a model for attracting climate investments. She invited the
bank to encourage Chinese companies to engage with the platform and explore
further projects with the private sector in both countries.
Huaiyu said Egypt is the first African country he has
visited, reflecting its distinguished position and the bank’s recognition of
Egypt as a key strategic partner. He noted that Chinese companies are eager to
strengthen cooperation and view the Egyptian market as attractive and
supportive for their investments. He also appreciated the Ministry’s efforts in
coordinating and implementing joint projects.
Both sides expressed a strong desire to further develop
economic relations, particularly in expanding investments in new and renewable
energy and the battery industry.
At the conclusion of the meeting, the Minister reaffirmed
Egypt’s appreciation for its long-standing partnership with Exim Bank and its
commitment to broadening cooperation to achieve tangible developmental results
benefiting both countries.