Egypt’s Minister of International Cooperation Rania el Mashat met Saturday with Hong Kong Chief Executive John Lee on the sidelines of Belt and Road Summit and discussed with him ways of promoting joint cooperation and how to capitalize on the leverage and position of Hong Kong as a largest global and financial hub.
The talks also tackled mechanisms for enhancing investment opportunities in the Egyptian market and efforts exerted by the State to stimulate the Private Sector and lure more investments and attract companies working in Hong Kong.
Mashat said Egypt is appreciating cooperation with China and said the coming period will witness more joint action, based on the comprehensive strategic partnership agreement, which was signed by the leaders of Egypt and China in 2014.
The minister underscored the importance of expanding joint cooperation under the umbrella of the Belt and Road Initiative.
She invited Lee, companies and investors to learn more about the investment chances at hand in Egypt.
Mashat pointed out to measures taken by the State to encourage local and foreign investments and the empowerment of the Private Sector as a key partner in boosting sustainable economic growth.
The Hong Kong Summit is important to explore the best ways and solutions to benefit from the Belt and Road Initiative and review promising horizons for cooperation with the Private Sector.
The initiative is aiming to foster channels of communication with China and further connect it with the world through infrastructure projects and the promotion of investments with different world countries via the Belt and Road to promote China’s economic bonds with various countries worldwide, according to her.
Lee, in turn, talked about benefits, possible financial services in the region and greater potentials that can mainly contribute to boosting joint cooperation with Egypt through the Belt and Road Initiative projects.