To create a new quality of productivity-TEDA Cooperation Zone business sector continued to force, model innovation.

In April 2024, the commercial sector of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Cooperation Zone) continued to exert strength. Saudi Hivetruct Group for Logistics Company (hereinafter referred to as Hivetruct), Syrian Al-Fayez Automobile Company (hereinafter referred to as Al-Fayez) and Tide Royal Logistics Co., Ltd. (hereinafter referred to as Tide Logistics) signed land purchase contracts with Egypt's Teda Special Zone Development Company on the same day, and three commercial projects entered the Teda Cooperation Zone on the same day.

Hivetruct company intends to establish a public utility bonded warehouse logistics project in the TEDA cooperation zone. Its shareholder, Bandar Bin Fahd Holding Group, is one of the leading companies in the Saudi and Arab markets. Its business mainly includes information technology, food, real estate development, etc., and provides a wide range of products and services in different fields. Since its inception, the Bandar Bin Fahd Holding Group has played a vital role in the development and diversification of the Saudi economy and in strengthening business practices. Hivetruct chose to settle in the TEDA Cooperation Zone, not only based on its strategic vision of the superior geographical location of the TEDA Cooperation Zone at the junction of the three continents of Asia, Africa and Europe and guarding the starting point of the southern Suez Canal, but also many successful cases in the commercial real estate sector in the TEDA Cooperation Zone have also given Hivetruct companies great confidence in development. After the completion of the Hivetruct company's project, it will radiate the entire Middle East, North Africa and Arab markets, making the "international warehousing and logistics" plan for the distribution and distribution of commodities in the TEDA Cooperation Zone more and more developed.

Al-Fayez, on the other hand, is a leading new car business enterprise, is the agent of Red Flag Automobile in Libya and Dubai, and is about to become a first-class agent in Egypt. After contact with TEDA's commercial real estate team and on-the-spot investigation, based on the recognition of TEDA's location advantages, policy advantages, industrial development prospects and team's professional ability, the Al-Fayez will purchase more than 10000 square meters of land to set up a logistics zone for the import, storage and re-export of new cars. By acting as an agent for the import of cars from well-known Chinese brands into Egypt, the automobile field in the cooperation zone has been upgraded to the new car field on the basis of traditional second-hand passenger cars. As the second company engaged in new car import business in TEDA cooperation zone, the entry of this project will further promote the gathering of automobile industry in the park, enrich and extend the connotation of commercial real estate sector, and play a positive role in promoting the future development of the industry.

The Tide Logistics Egypt project is invested by Tianjin local company Tide Technology Development (Tianjin) Co., Ltd. (referred to as Tide Development). The project is a positive response to my country's joint construction of the "Belt and Road" initiative. It is a key economic and trade project between China and Egypt. The overseas public bonded warehouse built in the TEDA Cooperation Zone of my country's national-level overseas economic and trade cooperation zone aims to serve my country's intermediate trade. The project covers an area of 20000 square meters, including about 6000 square meters for overseas warehouses and 8000 square meters for outdoor container yards. After the completion of the project, it will be mainly used for the distribution, storage, re-export and customs clearance of goods of Chinese and multinational enterprises. On the day of signing the land contract, Ted Logistics signed an entrusted operation contract with Egypt's TEDA Special Zone Development Company to realize deep strategic binding with TEDA cooperation zone. This is the first real landing of the output of TEDA's bonded storage business control mode, and it is also the real landing of the light asset mode of Egypt's TEDA's overseas custody operation. It has the possibility of being popularized and replicated, and will play a strong demonstration effect on the subsequent investment promotion and mode output.

In addition to the land transfer business, the commercial sector has also made new breakthroughs in import services. Recently, a large domestic enterprises from the TEDA cooperation zone to purchase land to set up factories. According to the relevant laws and regulations of Egypt, it is necessary to complete the company registration, obtain the business registration certificate and tax card, register the Egyptian import customs clearance system, and obtain the construction permit before the project construction materials can be imported in the name of the Egyptian subsidiary, which is time-consuming and labor-consuming. Its Egyptian subsidiary plans to purchase project construction materials from China, considering that material production, shipping, customs clearance, and land transportation will also take several months.

In order to speed up the implementation of the project, the subsidiary of the enterprise in Egypt plans to purchase Egyptian project construction materials from China, entrust the Egyptian TEDA Special Zone Development Company to import them and store them in the TEDA bonded warehouse. After the Egyptian subsidiary has the import qualification, the goods will be transferred to its name. At present, this business model has been recognized by all parties and the corresponding rights and obligations are clearly defined. With the spirit of responsibility and courage, TEDA gives full play to the receiving and controlling functions of its public bonded warehouses, first handles the material storage business for enterprises, shortens the construction cycle and enhances the anti-risk ability of enterprises.

The commercial real estate sector of the TEDA Cooperation Zone has achieved continuous improvement in business through the continuous creation of new quality productivity, helping the TEDA Cooperation Zone to achieve the coordinated development of "light assets" and "heavy assets", and provide high-quality services for the international layout of Chinese enterprises. Through the improvement of regional commercial supporting facilities, promote the development of regional logistics industry and commerce, enhance the investment attraction of industry and commerce, help Egypt's local industrialization process, and finally realize the overall prosperity of the region.