President Abdel-Fattah El-Sisi has met a delegation of Chinese businessmen including owners of major companies on Sunday, September 3, Invest-Gate reports.

The meeting aimed at boosting trade and economic cooperation and increasing Chinese investments in Egypt in various economic sectors, according to the Presidential Spokesperson Bassam Rady.

El-Sisi has reviewed economic challenges and internal developments Egypt has witnessed over the past few years, as well as economic measures taken to spur investments.

Following the meeting, El-Sisi has signed agreements with some investors for a number of Chinese projects with total investments of USD 18.3 bn.

The projects include the development of the second phase of the Central Businesses District in the New Administrative Capital.