World Courant
The Suez Canal Financial Zone (SCZone) has efficiently attracted 128 initiatives price $6 billion in two years, of which Chinese language funding represents 40 p.c.
The Chairman of the Common Authority of the SCZone, Walid Gamal-Eddin, stated it was the fruitful cooperation with industrial developer TEDA-Egypt that served as a place to begin and constructed bridges of belief between the SCZone and Chinese language traders.
He added that this success extends to the expansions of the Industrial Developer – TEDA, which the authority is looking for to assist, to draw extra investments.
Throughout a gathering with a high-level delegation from the Chinese language metropolis of Tianjin, led by Vice Mayor Xie Yuan, Gamal-Eddin mentioned financial cooperation and trade of experiences between the ports of Ain Sokhna and Tianjin.
Either side additionally mentioned the development of contemporary, sensible, inexperienced and low-carbon ports, along with finishing the achievements achieved by the strategic partnership between the SCZone and the economic developer – TEDA, the funding arm of the Chinese language metropolis of Tianjin.
The shut bilateral relations between the 2 nations and the assist of the political management had been mirrored within the severe financial cooperation and efficient strategic partnership geared toward attaining sustainable financial improvement, he added.
Gamal-Eddin famous that there’s a “legit ambition” for Chinese language corporations within the financial zone to achieve a thousand corporations by 2030.
Gamal-Eddin and Xie had been current on the signing of a land allocation contract between TEDA-Egypt and Shen Jin Firm for Textile Merchandise, Printing and Dyeing, to determine a undertaking on an space of 20,000 sq. meters with a complete funding of 5 .5 million {dollars} .
A land allocation contract was additionally signed between TEDA – Egypt and Shengyuan Development Engineering Co., Ltd., to determine a undertaking on an space of 15.86 thousand sq. meters with a complete funding of 4 million {dollars}.
SCZone efficiently attracts 128 initiatives price $6 billion inside two years
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