International Courant
The Common Authority for the Suez Canal Financial Zone (SCZone) has signed 14 agreements with industrial builders from China.
The pinnacle of the SCZone, Waleid Gamal al-Dien mentioned throughout his participation within the China-Egypt Zhejiang Financial Discussion board that the authority has managed to draw 128 tasks, in industrial zones and ports, together with tasks which have obtained ultimate approval, and tasks which have obtained preliminary approval, at an funding value of greater than three billion {dollars}.
The SCZone has signed an settlement between the commercial developer “TEDA-Egypt” and the Chinese language firm “Xin Feng Ming” Holding to ascertain a undertaking for the manufacturing of glass fiber and polyester fibers with investments price $800 million and a manufacturing capability of roughly a million. tons per yr.
Manufacturing capability for the primary section of the undertaking is anticipated to succeed in 300,000 tons per yr, with manufacturing beginning in 2026.
Egypt indicators fourteen cooperation agreements with China
Africa Area Information ,Subsequent Massive Factor in Public Knowledg
