Jan 21 China and Egypt will sign 21 deals on Thursday including a $1 billion financing agreement with Egypt's central bank and a $700 million loan deal with the state-owned National Bank of Egypt.
Ministers from the two countries began signing the agreements, many of them memorandums of understanding, at a meeting in Cairo during a visit by Chinese President Xi Jinping.
The deals span a raft of infrastructure investments including an agreement between Egypt's Housing Ministry and a Chinese developer to work on the first phase of a new Egyptian administrative capital. (Reporting by Ali Abdelaty and Lin Noueihed; Editing by Alison Williams)
China, Egypt sign financing deals worth at least $1.7 bln | Reuters
