You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Political Geography Egypt Remove constraint Political Geography: Egypt Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Publication Year within 5 Years Remove constraint Publication Year: within 5 Years Topic Economic growth Remove constraint Topic: Economic growth
- Author: Haisam Hassanein
- Publication Date: 04-2019
- Content Type: Policy Brief
- Institution: The Washington Institute for Near East Policy
- Abstract: Port projects and other outreach may help President Sisi check off some of his policy goals, but giving China such a foothold could threaten a number of U.S. interests in the region. On August 5, Egypt signed a memorandum of understanding with the Chinese company Hutchison Ports to establish a Mediterranean container terminal in Abu Qir. President Abdul Fattah al-Sisi himself attended the signing ceremony, where he praised the company’s global reputation in the field and emphasized the importance of executing the project in accordance with the highest international standards. The project is in line with Sisi’s track record of seeking Chinese help to fulfill his ambitious domestic and foreign agenda. Hutchison is one of the world’s leading port networks, operating terminals in twenty-seven countries; in Egypt, it operates the country’s two main commercial ports, Alexandria and El Dekheila. The company’s representatives commended the opportunity for direct investment in Abu Qir and announced that they will be training more than 1,500 Egyptian engineers and other workers for jobs at the terminal. According to them, the facility will be able to handle up to 1 million containers annually once completed.
- Topic: Foreign Policy, Bilateral Relations, Economic growth, Trade
- Political Geography: China, Middle East, Asia, North Africa, Egypt, United States of America