Hao Peng meets with Egyptian Prime Minister Mostafa Madbouli

Hao Peng (L), Secretary of the SASAC Party Committee, meets with Mostafa Madbouli, Prime Minister of Egypt, in Egypt on Aug 2. [Photo/sasac.gov.cn]

On Aug 2, Hao Peng, Secretary of the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council, PRC (SASAC), met with Mostafa Madbouli, Prime Minister of Egypt. Hao was on an inspection visit to the branches of Chinese central SOEs in Egypt.

They exchanged ideas on project cooperation involving Chinese central SOEs in Egypt with a frank and pragmatic attitude.

Madbouli welcomed Hao and his delegation and appreciated the deepening pragmatic cooperation between Egypt and China in fields like economic and trade exchanges and project development and investment. He also expressed his confidence in and expectations of the high standards and quality of Chinese central SOEs' projects in Egypt.

He hoped the two countries will jointly promote the construction of Chinese central SOEs' major projects in Egypt, especially the Central Business District (CBD) in Egypt's new administrative capital.

Madbouli said he hoped the project will become landmark architecture like a modern-day "Pyramid".

Prime Minister of Egypt Mostafa Madbouli (C) meets with a delegation led by Hao Peng on Aug 2. [Photo/sasac.gov.cn]

Hao thanked Madbouli for meeting his delegation and introduced SASAC's main functions and basic situation of Chinese central SOEs.

SASAC and Chinese central SOEs are implementing the important cooperation consensus reached by leaders of China and Egypt and further deepening practical cooperation in international production capacity, equipment manufacturing and energy resources investment. They are also actively promoting major infrastructure projects between the two countries such as the CBD of the new capital of Egypt, Hao noted.

He said SASAC and Chinese central SOEs will further boost bilateral cooperation in economy and trade and realize friendly cooperation and win-win results, making positive contributions to the local economy and society under the leadership of the heads of state of the two countries.

The meeting was also attended by Song Aiguo, China's Ambassador to Egypt, Han Bing, Commercial Minister-counselor, representatives of China State Construction Engineering Corporation (responsible for CBD construction), and related SASAC officials.

(Executive editor: Hao Wen)