The agreement was signed by captain Essam al-Arjani, CEO of Al-Arjani group and chairman of Al-Arjani development and Investment Company, Zhang weicai, general manager of CSCEC in Egypt, and Amr shta, managing partner of incom, the Egyptian partner of the Chinese company, in the presence of a number of officials and businessmen, including Dr. Assem El-Gazzar, former minister of Housing and chairman of Neom, and Mr. El-Quseir, former minister of Agriculture and CEO of the financial sector of Al-Arjani group.
Strengthening cooperation between Egypt and China in urban projects
Sherif El-Sherbini stressed the strength of Egyptian-Chinese relations in various fields, pointing to the keenness of the political leadership to expand cooperation with Chinese companies, especially in the construction and construction sector, which has witnessed great successes through cooperation with major Chinese companies. He praised the role played by CSCEC in the implementation of the Central Business District project in the new administrative capital and the downtown towers in the new city of El Alamein, stressing that this partnership represents a strong addition to advancing urban development and enhancing investment in the Egyptian real estate sector.
He also pointed out that cooperation with CSCEC will contribute to raising quality standards and innovation in real estate projects, and support the implementation of the state’s vision to achieve a comprehensive urban renaissance, which strengthens Egypt’s position as an attractive Center for real estate investments.
Statements of officials about the partnership
Captain Essam al-Arjani explained that cooperation with CSCEC represents a strategic step that allows al-Arjani group to benefit from international expertise and innovative solutions in the construction and real estate development sector, which enhances its ability to provide advanced real estate projects that support the Egyptian infrastructure and meet the needs of the market. He stressed that this partnership will open new horizons for the development of huge real estate projects with international standards, supporting the urban renaissance in Egypt.
For his part, Zhang weicai, general manager of CSCEC in Egypt, expressed his pride in this partnership, noting that it enhances cooperation between the company’s global engineering expertise and the growing Egyptian market. He added that CSCEC is a key strategic partner in many major Egyptian projects, and that it is looking forward to presenting innovative projects that contribute to achieving sustainable development and creating new investment opportunities.
A qualitative leap in the construction and real estate development sector
This partnership comes within the framework of the trend towards the development of sustainable and modern real estate projects, which contributes to the achievement of Egypt’s Vision 2030 for urban development, by providing advanced engineering solutions that keep pace with global developments, and enhance Egypt’s ability to attract foreign investments and achieve a comprehensive urban renaissance
