TEDA-Royal bonded warehouse project starts trial operation in Egypt

Release time:

2020-05-15 00:00

TEDA-Royal bonded warehouse project starts trial operation in Egypt
On May 13, 2020, the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (hereinafter referred to as "TEDA Cooperation Zone") added new troops. The official operation kick-off meeting of the TEDA-Royal bonded warehouse project was successfully held in the TEDA Cooperation Zone expansion area. The kick-off meeting was presided over by Li Jian, project management director of Egypt TEDA Special Zone Development Company (hereinafter referred to as "Special Zone Development Company"). All members of TEDA's executive team and project management team attended the meeting.

At the meeting, Li Jian, director of project management, first made a key report on the completion of the TEDA-Royal bonded warehouse project and the preparation of the management team, and explained the key work to be carried out in the future. Subsequently, Ayman, general manager of Royal's operations, expressed his admiration for TEDA's construction speed on behalf of the operation team, and expressed his sincere appreciation for the high-speed construction while maintaining high-level standards. He promised that the project management team will earnestly perform its duties and complete the established tasks in strict accordance with the requirements of the bidding documents. He also said that although the current project operation is facing the impact of the epidemic, but firmly believe that through the team sincere cooperation, joint efforts, TEDA-Royal bonded warehouse will shine in the TEDA cooperation zone, become a high-profile star product in Egypt.

Finally, the two parties reached a consensus on the positioning of the TEDA-Royal bonded warehouse project and the future development direction, and jointly expressed that they will make full use of the current favorable conditions to build the bonded warehouse into the first star project in Egypt. In the future, the project will not only drive the development of logistics and commerce in the region, It will also play a huge role in promoting the economic development of the entire Suez Canal Economic Zone and even the entire Egypt.

TEDA-Royal bonded warehouse is the only Chinese-funded project in Egypt to carry out international logistics bonded and general trade and re-export trade. The project covers an area of 130000 square meters and plans to invest US $16 million million. It mainly includes public bonded warehouses, export distribution export supervision warehouses, import and export commodity display and trading halls, and import and export commodity logistics distribution centers. For the TEDA cooperation zone and the surrounding area of manufacturing enterprises and external customers to provide "warehousing logistics, processing management, integrated services" three functional system in one of the full range of bonded logistics services.

The smooth holding of this meeting marked the official launch of the operation of the TEDA-Royal bonded warehouse project, and many Chinese and Egyptian merchants officially embarked on a convenient journey to open cross-border trade in the TEDA Cooperation Zone.

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