Egyptian Prime Minister Visits Teda Cooperation Zone Eight Times, Witnessing the Pragmatic Progress of Several Chinese-Invested Projects.

Release time:

2026-01-24 07:07

Recently, Egyptian Prime Minister Dr. Mostafa Madbouly witnessed the signing of an agreement for a energy-storage battery project jointly established by Chinese and Norwegian companies, which will be located in the China-Egypt Teda Suez Economic and Trade Cooperation Zone (Teda Cooperation Zone). This marked the eighth time that the Prime Minister has led a delegation to inspect the cooperation zone and attend the groundbreaking ceremonies for several Chinese-funded projects. These projects span three major sectors—new energy, textiles, and home appliances—and their total investment exceeds 1.9 billion U.S. dollars.

In the new energy sector, two major projects are drawing considerable attention. The energy storage battery manufacturing plant, jointly invested in by a Chinese enterprise and Norway’s Scatec for 1.8 billion U.S. dollars, is the first-ever energy storage battery system manufacturing base in the Middle East and Africa region. Once operational, the project will have an annual production capacity of up to 10 gigawatt-hours, providing crucial support for Egypt in building a complete new-energy industrial chain encompassing “power generation—energy storage—manufacturing.” Meanwhile, the “Elite Solar” photovoltaic industry cluster, invested in by the Chinese company Boda New Energy with an investment of 116 million U.S. dollars, has achieved simultaneous commissioning of its two plants, reaching a total production capacity of 5 gigawatts. This initiative fills a critical gap in Egypt’s local production of core photovoltaic components and aligns closely with the goals outlined in Egypt’s “2030 Sustainable Development Vision” to establish the country as a regional hub for renewable energy manufacturing.

Cooperation between the textile and home appliance sectors has also yielded abundant results. The integrated textile printing and dyeing industrial park, invested in by China Xinguang Textile Technology Co., Ltd. with an investment of 20 million U.S. dollars, boasts an annual production capacity of 60 million meters of fabric and 10,000 tons of yarn. Seventy percent of its products are destined for international markets, while the project has created nearly 400 local jobs, helping Egypt’s textile industry extend its value chain and enhance added value. Meanwhile, Wanhe Electric has invested 12 million U.S. dollars to build a manufacturing facility for domestic gas water heaters and heat exchangers, with an annual production capacity of 500,000 complete units and 2 million sets of components. These products will serve markets across Africa, the Middle East, and Europe, thereby accelerating the localization of Egypt’s home appliance and engineering equipment manufacturing industries.

The head of the Suez Canal Economic Zone Authority stated that the concentrated establishment of Chinese-funded high-tech and high-value-added projects represents a significant achievement in attracting investment to the economic zone. This will further optimize the region’s industrial ecosystem and consolidate Egypt’s position as an industrial hub in the Middle East and Africa.

Prime Minister Madbouly emphasized that such cooperation not only helps reduce Egypt’s reliance on imported products but also creates numerous job opportunities domestically by introducing advanced technologies and management expertise. This collaboration holds significant strategic importance for promoting Egypt’s industrial transformation and the development of a green economy.

Multiple Chinese-funded projects are being steadily advanced in the TEDA Cooperation Zone, marking a new step forward in China-Egypt capacity cooperation and providing strong impetus for Egypt’s industrial localization and export-oriented economic development.

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Four-time winner! The Teda Cooperation Zone once again receives the honor of “Egypt’s Best Industrial Developer.”

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Four-time winner! The Teda Cooperation Zone once again receives the honor of “Egypt’s Best Industrial Developer.”

2026-01-24

Egyptian Prime Minister Visits Teda Cooperation Zone Eight Times, Witnessing the Pragmatic Progress of Several Chinese-Invested Projects.

2026-01-24

Four-time winner! The Teda Cooperation Zone once again receives the honor of “Egypt’s Best Industrial Developer.”

2026-01-24

This award is the best testament to Teda Cooperation Zone’s relentless efforts over the past decade and more. For many years in a row, Teda Cooperation Zone has stood out, firmly establishing its undisputed leading position as a flagship project for China-Egypt capacity cooperation.

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