CAIRO: International Cooperation Minister Sahar Nasr arrived in Beijing in a four-day visit to take part in the inauguration ceremony of the Asian Infrastructure Investment Bank (AIIB) scheduled for Jan. 16-18, Youm7 reported.
“The visit aims at resuming the ministry’s efforts to consolidate economic relations with various financial institutions and at benefiting from all available and variable funding sources to ensure the implementation of major national projects,” Nasr said in a press statement Friday.
Nasr said she will hold a meeting with the AIIB Chairman to discuss the future of cooperation between the Bank and Egypt as one of the first founding members of the Bank, in addition to discussing the priorities of the government’s economic and social program for the current period.
Nasr’s visit to China comes a week before Chinese President Xi Jinping’s visit to Saudi Arabia, Egypt and Iran scheduled for Jan. 19-23. Jinping will address Saturday’s inauguration ceremony.
The bank was formally established at the end of 2015 with 57 countries agreeing to be members, 19 of which are Asian, according to the bank’s website.
The AIIB’s mandate will be to fund projects both inside and outside of Asia.