An Analysis of the Evolution of Sino-Egyptian Economic Relations
Egypt is one of only five countries in the African continent that have been chosen by the Chinese government to host a special economic zone (SEZ). China has signed 33 investment promotion and protection agreements and 11 double taxation agreements with African countries. Algeria, The Democratic Republic of Congo, Nigeria, Egypt, and Zambia (out of 31 countries) received Chinese FDI flows of more than $100 billion. For comparison purposes, between 2005 and 2010, Nigeria had the lion’s share of Chinese investments, reaching approximately $15.35 billion. Comparatively, Algeria had $9.16 billion, Congo $5.89 billion, and Zambia $1.01 billion.
KeywordsForeign Direct Investment Trade Volume Special Economic Zone Foreign Direct Investment Flow Chinese Investment
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