SHARM EL-SHEIKH Sergio Gomez Trikot Borussia Dortmund , Egypt, March 14 (Xinhua) -- Egypt is offering investors massive projects worth billions of U.S. dollars for the development of the Suez Canal region, Mohab Memish Manuel Akanji Trikot Borussia Dortmund , head of the Suez Canal Authority, said Saturday.
"We are starting with 18 projects but the total number is much bigger," Memish told Xinhua on the sidelines of a three-day investment conference which kicked off in the Red Sea resort of Sharm El-Shiekh on Friday.
Egypt is working on expanding the Suez Canal and later on developing the Suez Canal Corridor which is expected to include huge projects like the establishment of an industrial city with hundreds of factories.
The national project is a major part of the new Egyptian leadership's struggle to revive the country's ailing economy that suffered from a four-year political turmoil.
"Over 1 Jeremy Toljan Trikot Borussia Dortmund ,000 factories can be established in the development of the Suez Canal Corridor, but the most important thing is to provide the necessary infrastructure for these factories," Memish added Alexander Isak Trikot Borussia Dortmund , expecting the total revenues after the Suez Canal expansion and the relevant development projects to reach 100 billion U.S. dollars per year.
The investment projects related to the Suez Canal represent a major part of the numerous giant investment opportunities that Egypt provides for local and international investors during the conference as part of the country's plan to boost economy.
"We are studying the effect of the New Suez Canal on the maritime traffic in the region and its ability to receive giant ships, and the shipping services that will be provided after the new six ports are established," Memish said.
Egypt and China have recently elevated their strategic relations to a higher level of "comprehensive partnership Raphael Guerreiro Trikot Borussia Dortmund ," and China is among the top foreign investors Egypt expects over the coming few years.
On Saturday, also in Sharm El-Sheikh resort, Egyptian President Abdel-Fattah al-Sisi met with Chinese Commerce Minister Gao Hucheng who has announced that his country plans huge investment projects in Egypt in various fields.
"Egypt is part of the Chinese Silk Road revival initiative and we are preparing ourselves by developing our ports and establishing new industrial cities based on additional values and complementary industries Marco Reus Trikot Borussia Dortmund ," the Suez Canal Authority chief said.
Memish described the Egyptian-Chinese relations as "historical" and said that China is currently playing a big role in the development of Egypt, noting that there are great investment opportunities awaiting the Chinese side, especially in the field of seaports.
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WARSAW， July 8 (Xinhua) -- Eighteen presidents and 21 prime ministers attended the first day of the Warsaw NATO summit on Friday， taking specific decisions on strengthening security.
After the first session of the North Atlantic Council， NATO Secretary General Jens Stoltenberg announced the strengthening of NATO's eastern flank in Poland and Baltic countries. Four battalions are to be located in four countries -- Latvia， Lithuania， Estonia and Poland -- with the countries in command respectively being Canada， Germany， Britain and the United States.
NATO also regarded cyberspace as an operational zone and acknowledged the initial operational readiness of the anti-missile shield's component located in Romania.
Preceding the summit's opening ceremony， European Commission President Jean-Claude Juncker， European Council President Donald Tusk and U.S. President Barack Obama expressed transatlantic unity between the United States and Europe.
Both sides discussed common political， economic， and security challenges facing Europe， especially Britain's referendum decision to leave the bloc.
Addressing this matter， Obama called the European Union one of the greatest political and economic achievements of today， ""which should be kept intact as the world needed a strong， prosperous， and unified Europe.""
He also said sanctions against Russia should remain in place until the Minsk agreement conditions were met.
Juncker and Tusk， alongside Stoltenberg， signed a joint declaration marking the importance of further strengthening EU-NATO cooperation at a time of what the two blocs claimed unprecedented security challenges from the East and the South. Counteracting hybrid threats， cyber security， and maritime safety in the bloc are the key goals included in the declaration.
Meanwhile， Polish President Andrzej Duda and U.S. President Obama held a meeting discussing bilateral cooperation， especially in the field of increased NATO's presence in Central and Eastern Europe. Obama said Poland will notice an increase of U.S. and NATO presence.
Poland can be sure that NATO will stand hand-in-hand under any circumstances， he added， announcing around a thousand U.S. soldiers would serve here on rotary basis.
Duda also met Afghan President Ashraf Ghani and Azerbaijan President Ilham Alijew.
He also took part in an experts forum on security， where he expressed satisfaction regarding Montenegro's access to NATO and called for deepening relations， especially with Georgia， Ukraine and Moldova.
At the same forum， Polish Foreign Minister Witold Waszczykowski， together with former U.S. secretary of state Madeleine Albright， discussed NATO's policy towards Russia.
The first day of the summit wound up with a solemn parade of military aircraft， representing both Poland and NATO air forces. Enditem
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