Forward from: ЦНАИ ИВ РАН / CSAI IOS RAS
🇨🇳China's economic projects in North Africa
🔴China has been actively expanding its economic presence in North African countries. In addition to traditional partners such as Egypt and Algeria, Chinese companies have increased their activities in Morocco, and there have been attempts at state-level engagement in Tunisia and Libya.
🔴In early November, Chinese automakers BAIC and Zeekr announced plans to establish electric vehicle (EV) production facilities in Egypt. The EVs produced in Egypt will most likely be sold to African and Middle Eastern markets, rather than to Europe.
🔴In Algeria, China plans to build more than 6,000 kilometers of railway tracks. One of the key projects is the line to the Gara-Djebilet iron ore deposit. Chinese steelmakers have long been interested in importing ore from this deposit, estimated at 3.5 billion tons.
🔴Morocco is fast becoming one of the most promising countries in the region for Chinese technology companies. China's "flagship" project in Morocco is the production and technology hub in Tangier, with a total investment of more than $1 billion. In addition, Chinese EV battery manufacturers are actively establishing themselves in Morocco, largely due to the favorable access to the European and American markets.
🔴China's contacts with Tunisia and Libya also intensified in 2024. In May, the leaders of China and Tunisia signed a bilateral strategic partnership agreement. In the same month, the leader of Libya's Government of National Unity, Abdul Hamid Dbeibeh, visited Beijing. In June, Libya's Minister of Economy and Trade signed a decree to launch a joint Libyan-Chinese chamber of commerce.
🔴Chinese assets in various North African states are quite diverse. Most Chinese companies began their expansion in North Africa long before the escalation of trade and economic tensions with the West. Therefore, there is no reason to believe that China's economic presence in the region will diminish if political pressure from the EU or the US continues.
#CSAI #MENA
🔴China has been actively expanding its economic presence in North African countries. In addition to traditional partners such as Egypt and Algeria, Chinese companies have increased their activities in Morocco, and there have been attempts at state-level engagement in Tunisia and Libya.
🔴In early November, Chinese automakers BAIC and Zeekr announced plans to establish electric vehicle (EV) production facilities in Egypt. The EVs produced in Egypt will most likely be sold to African and Middle Eastern markets, rather than to Europe.
🔴In Algeria, China plans to build more than 6,000 kilometers of railway tracks. One of the key projects is the line to the Gara-Djebilet iron ore deposit. Chinese steelmakers have long been interested in importing ore from this deposit, estimated at 3.5 billion tons.
🔴Morocco is fast becoming one of the most promising countries in the region for Chinese technology companies. China's "flagship" project in Morocco is the production and technology hub in Tangier, with a total investment of more than $1 billion. In addition, Chinese EV battery manufacturers are actively establishing themselves in Morocco, largely due to the favorable access to the European and American markets.
🔴China's contacts with Tunisia and Libya also intensified in 2024. In May, the leaders of China and Tunisia signed a bilateral strategic partnership agreement. In the same month, the leader of Libya's Government of National Unity, Abdul Hamid Dbeibeh, visited Beijing. In June, Libya's Minister of Economy and Trade signed a decree to launch a joint Libyan-Chinese chamber of commerce.
🔴Chinese assets in various North African states are quite diverse. Most Chinese companies began their expansion in North Africa long before the escalation of trade and economic tensions with the West. Therefore, there is no reason to believe that China's economic presence in the region will diminish if political pressure from the EU or the US continues.
#CSAI #MENA