Part 8/11:
China's economic relationship with Egypt strikes at the core of its Belt and Road Initiative (BRI). Chinese state-owned companies, such as COSCO, have stakes in Egyptian ports like Eastport SED and Ain Sokhna, and plans are underway to invest over $8 billion into the Suez Canal Economic Zone. Projects include a $5 billion green hydrogen plant aimed at exporting ammonia to Europe, a power plant, an iron production complex, and various chemicals facilities.