Walid: Suez Canal Economic Zone as Entry Point to Global Markets

Speech at the "Silk Road Escort and African Economic and Trade Cooperation Zone and Zhejiang Enterprises Matchmaking Meeting"

President of the General Directorate of the Suez Canal Economic Zone, Egypt Walid Gamal Eldien

Distinguished guests, ladies and gentlemen:

Good morning, everyone! It is a great honor to be able to attend this meeting today.

I am from the Suez Canal Economic Zone. I am very happy to come to China. China is a very important country for Egypt. We hope to visit more cities in China, participate in more economic and trade activities, look for more business opportunities, and find more cooperation opportunities together. We hope that more Chinese investors will cooperate with the Suez Canal Economic Zone. We have built a good platform to help everyone enter the local market. Egypt is a very good starting point for Chinese enterprises to enter Africa. The two countries have established a comprehensive strategic cooperative partnership, and the friendship between China and Egypt has a long history.

China and Egypt started economic and trade cooperation a long time ago, and it has been developing well for many years. In particular, after the meeting between the heads of state of China and Egypt in Riyadh, Saudi Arabia in 2022, we have formulated more new plans-and we will do more to promote cooperation between the two countries-to encourage Chinese enterprises to further increase their investment in Egypt, especially in the Suez Canal Economic Zone. We will provide the best incentives to help investors, help companies achieve greater commercial success, and help everyone enter the local market.

Egypt has signed free trade agreements with many countries and regions, which is very beneficial to Chinese enterprises. At the same time, we also have good infrastructure and a good ecosystem. The Egyptian government has been actively supporting the development of the Suez Canal Economic Zone in the past few years, so there is world-class infrastructure here, which can provide investors with the best business environment. Everyone will feel convenient and friendly in work and life when they invest.

We welcome investors from all sectors. The Suez Canal Economic Zone is a very important project in Egypt. We hope to make great achievements in new energy and renewable energy. If you have relevant technology and investment willingness, you are welcome to contact us. At present, many enterprises in China are developing new energy or green energy business. I believe we can complement each other's advantages. Our cooperation will help to achieve the long-term carbon reduction goals set by Egypt, and it can also help the world achieve better low-carbon goals and make better efforts to change the earth's climate-this is also mentioned during the meeting between the heads of state of China and Egypt. The focus.

We welcome Chinese investors to develop in the Suez Canal Economic Zone. We will do our best to support you. We believe that our cooperation will be very smooth, because the cooperation between China and Egypt has been very smooth in the past few years. Before that, we have attracted many Chinese enterprises. After they came to Egypt, they have achieved great commercial success and are thriving together with the Suez Canal Economic Zone. Before, I negotiated with many Chinese institutions, such as ports, investment, technology, infrastructure and many other aspects. We hope to become excellent partners of Chinese enterprises and work together to pursue more ambitious goals and realize the grand plan put forward by the heads of state of the two countries. Today, I hope that all the guests present here will have the opportunity to enter the Suez Canal Economic Zone. You can contact us at any time if you need it. All forms of cooperation can be discussed. You can raise any questions or concerns, and we will give you a good answer. Later, I will use PPT to introduce the outstanding companies in various industries that we have attracted. You will see that we have indeed established a very good ecosystem, and you will understand that the prospects of the Suez Canal Economic Zone are infinitely beautiful. The Suez Canal Economic Zone is a very good entry point for entering Egypt, Egypt's neighboring countries or the entire African, or even Latin American or European markets.

Finally, I would like to thank the organizers and organizers of today's meeting. I look forward to keeping in touch with you at today's meeting and beyond to discuss the possibility of future cooperation.

Thank you all!

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