STORY: China can play major role in Egypt's 2024-2030 industrial strategy: MP
SHOOTING TIME: Feb. 8, 2025
DATELINE: Feb. 13, 2025
LENGTH: 00:00:58
LOCATION: Cairo
CATEGORY: ECONOMY

SHOTLIST:
1. various of the conference
2. SOUNDBITE (Arabic): MOHAMED ABOU EL-ENEIN, Deputy Speaker of the Egyptian Parliament
3. various of the conference
4. various of the Geely Auto Egypt factory

STORYLINE:

China can play a major role in boosting Egypt's industrial strategy for 2024-2030, Deputy Speaker of the Egyptian Parliament Mohamed Abou El-Enein said on Saturday.

"China is a key industrial partner and can definitely play a major role in making Egypt's industrial strategy a success," Abou El-Enein told Xinhua on the sidelines of the 11th Akhbar El Youm economic conference in the Egyptian capital Cairo.

He highlighted China's support for Egypt across various industrial sectors, noting that many prominent Chinese companies operating in Egypt are adding great value to the Egyptian economy.

He also pointed out that China is now helping Egypt in localizing the automobile industry by opening automobile factories in the country.

SOUNDBITE (Arabic): MOHAMED ABOU EL-ENEIN, Deputy Speaker of the Egyptian Parliament
"Egypt and China can cooperate in the automotive and battery industries and further localize the electronics industry in Egypt. Egypt is the gateway to African and European markets, so localizing these industries will enable it to export these products to both regions. Meanwhile, Chinese companies will benefit from Egypt's trade agreements with European and African countries."

The Akhbar El Youm economic conference is an annual platform where experts, representatives from the business community, and government officials exchange economic insights and ideas.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)