Egypt poised to become the capital of the new Silk Route

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Egypt is striving to implement the Suez Canal axis development project which is in line with the China Belt and Road Initiative.

The Suez Canal is a vital link between Europe and Asia.

Egypt has already launched a massive development project to improve ports and create an industrial zone in the area.

China is contributing around $64 million towards the initiative.

The One belt One road initiative will lead to further infrastructural developments along Egypt’s coastline.

It will also boost economies in the region, by connecting trading partners in Africa, Europe and Asia.

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