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"Every year 2.8 million people in China die from cancer," said Bruno Strigini, chief executive officer of Novartis Oncology.

"Egypt is keen to benefit from the unique Chinese experience in economic development as well as other fields," Shawki said during the signing ceremony.

"Egyptian companies like Orascom and Arab Contractors may be more efficient than us in low-rise and mid-rise, but high-rise is our speciality," he added.

"Digitalization is a key driver and enabler of transformation for companies in the Chinese market. It has become one of our largest markets globally," said Michael Dell, founder, chairman and CEO of Dell Technologies, at the company's tech summit in China in October.

"Despite the threat of the pandemic, most of our employees working overseas have chosen to stay where they are, standing together with the local people and helping each other," said Ren Hongpeng, vice-president of China Railway Group, which is also known as CREC.