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China Development Bank earmarks ‘large’ funds for Egyptian projects: minister
AMWALAGHAD
Posted on: September 9th 2017
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© AMWALAGHAD

The China Development Bank is granting Egypt “large credit facilities” to finance development projects in the country with Chinese investments, Egyptian Trade Minister Tarek Qabil announced Friday.

Qabil met early Friday with officials in the Chinese bank in Beijing where they both explored the CDB’s planned investments in Egypt within the framework of the Belt and Road Initiative (BRI), according to the Trade Ministry’s statement.

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