On Saturday, September 16, Minister of International Cooperation Rania Al Mashat met Hong Kong Chief Executive John Lee on the sidelines of the 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 the largest global and financial hub.
The minister’s statement confirmed that the initiative aims 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.
The talks also tackled mechanisms for enhancing investment opportunities in the Egyptian market and efforts exerted by the State to stimulate the Private Sector to lure more investments and attract companies working in Hong Kong.
Mashat said Egypt appreciates 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 mutual 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 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.
Lee, in turn, talked about benefits, possible financial services in the region, and greater potentials that can mainly contribute to boosting cooperation with Egypt through the Belt and Road Initiative projects.
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.
