News

China Grants Egypt $US 71 Million for Satellite Project, Vocational Training Centre

China Grants Egypt $US 71 Million for Satellite Project, Vocational Training Centre

Source: Ministry of Investments and International Cooperation

Egyptian Minister of Investments and International Cooperation Sahar Nasr has agreed with Chinese Ambassador on a $US 71 million Chinese grant.

According to a statement by the Ministry of Investments and International Cooperation, $US 64 million of the grant will finance the feasibility studies of the second phase of the second Egyptian Satellite project.

The remaining $US 7 million will be used to establish a vocational training centre at the Suez Canal Economic Zone.

Nasr said that all the common agreements between Egypt and China function as an activation to the cooperation deals signed during the visit of the Chinese President Xi Jinping to Egypt in January 2016.

The cooperation deals are worth about $US 15 billion. She further added that bilateral relations between Egypt and China are rather exceptional; she praised the Chinese government efforts to support the Egyptian economic reform programme.

The Egyptian Minister further highlighted the importance of benefiting from the Chinese experience in space technology and remote sensing fields.

 

 

 

Spanish Archaeologists Discover Unopened 4000-Year-Old Tomb in Aswan
Erdogan Warns Europeans “will not walk safely on the streets”

Subscribe to our newsletter


News

More in News

Egyptian Military Officers May Receive Immunity Over 2013 Muslim Brotherhood Crackdown

Sabah KhodirJuly 17, 2018

Foreign Residents To Be Granted Egyptian Nationality For a Deposit of 7 Million LE

Mirna AbdulaalJuly 16, 2018

Case Of Three Slaughtered Children Found in Plastic Bags in Egypt Solved

Sabah KhodirJuly 16, 2018

New Administrative Capital Will be Egypt’s First Smart City

Mirna AbdulaalJuly 15, 2018

Six Egyptians Selected Among Young Africans for Obama Leadership Program

Egyptian StreetsJuly 15, 2018

Egypt’s Two Female Weightlifters Win Gold Medals at IWF Junior World Championships

Mirna AbdulaalJuly 14, 2018

Qatar 2022 World Cup Date Moved to November-December

Egyptian StreetsJuly 14, 2018

New Draft Law Proposed by Parliament Member to Execute Child Kidnappers

Mirna AbdulaalJuly 13, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.