Tsinghua Holdings' subsidiary Tus-Holdings and the British University in Egypt signed the second-phase cooperation agreements for building the TUS-BUE Science and Innovation Park in early 2016. The park will be the first university-based science park in Egypt.

The deal was achieved during Tus-Holdings Chairman Wang Jiwu's visit to Egypt under the invitation of the country's Ministry of Communications and Information Technology.

Chen Hongbo (front, right), executive vice-president of Tus-Holdings, and the British University in Egypt sign the second-phase cooperation agreements for building the TUS-BUE Science and Innovation Park in early 2016.

The two parties also signed strategic agreements that will see Tus-Holdings cooperate with the ministry on the construction of several national-level science parks in Egypt.

A significant contribution to China's Belt and Road Initiative, the leading science park builder will support the development of science parks in Egypt through leveraging its resources in innovation and entrepreneurship, providing training and building financing platforms.

Tus-Holdings Chairman Wang Jiwu and Yasser ElKady, Minister of Communications and Information Technology in Egypt sign cooperation agreements on Jan 21, 2016.

Creating science parks will help Egypt bridge the gap between its universities and businesses and promote the bringing-to-market of its universities' research achievements. The science parks will also promote exchanges between Chinese and Egyptian enterprises and attract more Chinese companies to develop in Egypt.