Egyptian Minister of Trade and industry Monir Fakhry Abdel-Nour said the other projects will be financed through banking loans, including the project of establishing a coal-powered electricity station and a water station in Ataqa area.

The Egyptian minister said the second agreement deals with a dlrs 100 million dollar loan from the Chinese Development Bank to finance small scale projects in Egypt.

He added that the third agreement covers a Chinese loan worth 30 million dollars from the Chinese Ministry of Trade to the Egyptian Remote Sensing Center.

President Sisi's visit to China which started on Tuesday, is part of an Asian tour including Singapore and Indonesia

Source: MENA