More than 2,800 Chinese companies operate in Egypt, with combined investments exceeding $8 billion, according to Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones (GAFI). Key investors include major firms such as OPPO, Haier, Jushi, Midea, TEDA, Huawei, and Brilliance Auto.
Heiba recently met with Wang Weizhong, Governor of China’s Guangdong Province, to discuss enhancing bilateral economic cooperation and advancing investment priorities for the latter half of 2025. The meeting brought together senior Chinese officials and executives from leading companies operating or considering investments in Egypt, including Midea, OPPO, ZTE, and GAC Motor.
The two sides reviewed a packed agenda of upcoming events designed to deepen investment ties, including Egypt’s participation in the World Economic Forum in Tianjin (June 24–26), followed by business forums in Beijing and Shanghai. Cairo will host the Egypt-China Investment Forum in July, featuring Chinese Vice Minister of Commerce Wang Shouwen. Egypt also plans to attend the China Import and Export Fair (Canton Fair) in Guangdong this October, where over 60,000 economic entities are expected to gather.
Heiba highlighted that the rapid momentum in Egyptian-Chinese investment cooperation is fueled by robust political relations, Egypt’s investor-friendly environment, and shifting global economic trends. These factors have spurred a surge in Chinese delegations exploring opportunities in Egypt.
Emphasizing Egypt’s prioritization of Chinese investments for their potential to create jobs and transfer technology, Heiba noted key projects such as the planned launch of a dedicated Chinese textile city in Minya, developed in partnership with the China National Textile and Apparel Council within Egypt’s export-oriented free zone framework.
Additionally, Chinese companies Haier, Midea, and Shanfeng have been awarded Egypt’s “golden license,” expediting their business establishment and operations.
GAFI is actively pursuing new Chinese investments in strategic sectors including automotive manufacturing, building materials, electronics, renewable energy, AI, data centers, and textiles.
Governor Wang reaffirmed the strength of the China-Egypt comprehensive strategic partnership, established in 2014, and proposed establishing a permanent Egyptian cultural exhibition in Guangdong to boost tourism. Guangdong alone accounts for 20% of China’s trade with Egypt.
During the visit, GAC Motor Chairman Feng Xingya announced a $300 million investment to build a car manufacturing facility in Egypt, targeting both local and export markets.
ZTE CEO Zhou Peng outlined plans to expand the company’s local footprint and accelerate technology transfer to meet Egypt’s growing telecom infrastructure demands. OPPO Egypt General Manager Ma Jixiang underscored OPPO’s impact since entering the market in 2014—building two factories, generating 1,000 jobs, and producing up to five million phones annually. OPPO aims to make Egypt its second-largest production hub after China.
