Egypt's Finance Minister emphasised the role of the New Development Bank in financing infrastructure projects in the countries of the association
Egypt's participation in BRICS has opened new opportunities for the country to cooperate with the world's largest emerging economies. It was stated in an interview with Xinhua News Agency, a partner of TV BRICS, by country's Finance Minister Ahmed Kouchouk.
He emphasised the importance of the association as a platform for exchanging experience, which contributes to deepening trade and investment ties. Ahmed Kouchouk added that the New Development Bank plays a key role in financing infrastructure projects in BRICS countries.
In addition, the minister noted that China is Egypt's largest trading partner. According to him, Chinese investments in the country's new administrative capital and the Suez Canal Economic Zone contribute significantly to the growth of the Egyptian economy. In addition, the number of Chinese companies operating in various sectors in Egypt has increased significantly over the past 10 years.
"The level of bilateral relations has reached a strategic level, allowing cooperation across various fields. We have benefited from accessing the Chinese market," he said.
The minister also drew attention to China's achievements in technological innovation and infrastructure development, which Egypt intends to take into account in its future strategy.
Photo: iStock
-
![]()
Society25.08.26BRICS countries seek stronger support for children from early years to adulthood -
![]()
Society24.08.26Head of International Relations Department of TVRI: Indonesia takes centre stage in multipolar media -
![]()
Society23.08.26BRICS News Digest for the previous week -
![]()
Society22.08.26Oman identifies seven mushroom species new to science -
![]()
Society21.08.26Projects in field of higher education in Iran to be presented to international public through TV BRICS -
![]()
Society20.08.26Citizens of Kyrgyzstan and Vietnam to use 240-hour visa-free transit through China
-
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
