18 July 2019 11:29 AM

Sisi: Goals of Belt & Road Initiative constant with Egypt's economic efforts

Friday، 26 April 2019 - 11:20 AM

Egyptian President Abdel Fattah El Sisi confirmed that the objectives of the Belt and Road Initiative are constant with Egypt’s endeavors towards implementing mega projects that seek realizing large profits alongside creating diversified investment opportunities, according to Presidential Spokesman Bassam Rady.

These mega projects are topped by the Suez Canal Development Corridor that is meant to serve as an industrial and logistic hub capable of offering promising opportunities for Chinese companies as well as countries taking part in the belt initiative, the spokesman quoted the president as saying at the inaugural session of the second Belt and Road forum on Friday.

President Sisi, meanwhile, highlighted the breakthrough achieved by Egypt's economy recently given the country's ability to produce energy and diversify its sources, making it chiefly qualified to be a regional energy hub.

MENA

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