The two sides have looked into ways Egypt can benefit from the financial opportunities offered by the fund to the states on the Silk Road within the initiative to reactivate it, launched by the Chinese president. They also discussed the possibility of cooperating with several international financing institutions to support projects and establish joint projects between the private and public sectors. The minister praised the strategic and developmental​ relations between Egypt and China, expressing their readiness to enhance China’s position among the countries investing in Egypt. The minister called upon Qi to visit Egypt soon or send a delegation to see these projects in reality. The Silk Road Fund is considered the largest investment fund in China, where the Chinese president announced its establishment with a capital of $40bn in December 2014 with the help of financing from some Chinese banks and financial institutions.

Source: Daily News Egypt May 15, 2017 16:52 UTC