Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), has laid the foundation stone for the Chinese Sailun Group’s factory in the Sokhna Integrated Industrial Zone.

Egypt has signed a contract with China’s Sailun Group to establish a tire manufacturing plant in the Suez Canal Economic Zone (SCZone), with total investments of about $1 billion over three phases, as per a statement.

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, has laid the foundation stone of a $500 million chlor-alkali plant by China’s Befar Group in the Sokhna Industrial Zone, with total investments reaching $500 million.

Prime Minister Mostafa Madbouly has inaugurated Egypt Cady Textile factory in the industrial developer zone TEDA Egypt in the Suez Canal Economic Zone (SCZone).

Chairman of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dien has laid the foundation stone for the "FBB-Tech" electronics project in the Sokhna Industrial Zone, with investments worth $38 million.

The Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dein has witnessed the laying of the foundation stone for the Kaimidi Chemical Egypt factory in Sokhna.

The Egyptian government is ready to support TEDA Holding’s expansions in Egypt through granting more land plots, whether on the Red Sea or the Mediterranean in New Alamein city, Prime Minister Mostafa Madbouly revealed.

Trade exchange between Egypt and China reached $15.7 billion in 2023, with Egyptian exports to China recording $881 million, First Assistant to Prime Minister Randa El-Minshawi announced.

The industrial developer TEDA-Egypt has signed two land allocation contracts with Chinese companies.

The General Authority for Suez Canal Economic Zone (SCZONE) has inked a usufruct agreement with China’s iron manufacturer Wu’an Xin Feng to set up a factory for hot rolled iron in Ain Sokhna with total investments of up $297 million, a statement showed.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed 14 agreements with major Chinese firms to set up several projects in Egypt, in partnership with the private sector.

Prime Minister Mostafa Madbouly witnessed the signing of a contract transferring the right to Xinxing Ductile Iron Pipe Co. to use approximately 270,000 square meters of land within the industrial zone in Sokhna TEDA-Egypt.

Ahli United Bank Egypt has inaugurated a new branch in China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna.

The Suez Canal Economic Zone (SCZONE) has signed three framework agreements with the industrial developer TEDA-Egypt worth $755 million in investments to expand the latter’s business.

Three production lines for the manufacturing of all wearable mobile accessories including smart watches and airpods are set to produce 9,000 pieces per day with a total investment of EGP 25 million.

China-Egypt TEDA Suez Economic and Trade Cooperation Zone has signed $60 million contracts for projects in the textile, auto assembly, and power transformers fields.