Egypt is one of the more developed countries in Africa, with an industrial system that has begun to take shape, and the machinery manufacturing industry is mainly based on assembly. Petroleum, electric power, building materials, steel, cement, mining and metallurgy, automobile manufacturing, pharmacy, chemical industry and other industries all have certain strength. Egypt is located at the intersection of Asia, Africa and Europe, and it is a big market with a population of more than 94 million. Egypt has a strong economic radiation to its neighboring Middle East and African countries, and has a large market capacity and potential. It is the second largest mechanical and electrical products market in Africa after South Africa, and has more trade and investment opportunities. At present, China is an important Egyptian business partner, and both sides hope to have more business cooperation opportunities. Especially with the proposal of China’s "the belt and road initiative" initiative, China and Egypt will have more cooperation in the fields of energy, transportation facilities and communication. According to the SHOWGUIDE exhibition navigation survey, Egypt has excellent natural conditions for developing new energy sources, such as strong light, high wind speed and a large number of undeveloped land. At present, Egypt is a country with rapid development of wind power industry in the Middle East. At present, the installed capacity of wind power is 550MW, accounting for 57% of the region. The Egyptian government plans to provide 20% power generation by using renewable energy (wind energy 12%, hydropower 5.8% and solar energy 2.2%) by 2022. Solar energy plans to achieve an installed capacity of 3.5GW by 2027, including 2.8GW of photovoltaic and 700MW of photothermal power generation; In 2022, 7.2GW (accounting for 12% of the total power generation) of wind power will be generated.Egypt’s Ministry of Electricity plans to increase 51,700 MW of electricity by the end of 2030, of which 25,000 MW will come from new energy sources. Egypt’s electricity and energy market is huge.
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