China-Africa TEDA Investment Co., Ltd.

TEDA Cooperation Zone Welcomes Its First Duty-Free Store: Building a “Quality Lifestyle Circle” and Opening New Trade Channels

Release time:

2026-04-15 21:01

On April 7, local time, Egypt Teda Zone Development Co., Ltd. and Egyptian Duty Free Stores S.A.E. (EFS) formally signed a Memorandum of Understanding at the China–Egypt Teda Suez Economic and Trade Cooperation Zone. The two parties will jointly establish a duty-free store within the zone, with the aim of further enhancing the zone’s commercial infrastructure and improving its overall service capabilities.

At the signing ceremony, Cao Hui, Executive Director of the Special Economic Zone Development Company, and Mr. Ashraf Zei, Chairman of the Egyptian Duty-Free Stores Company, signed the agreement on behalf of their respective organizations. Wei Jianqing, General Manager of Sino-African TEDA, members of the TEDA Cooperation Zone’s commercial real estate team, and senior executives from the Egyptian Duty-Free Stores Company also attended the ceremony and witnessed this significant moment.

Egyptian Duty Free Stores S.A.E. (EFS), established in 1975, is one of Egypt’s earliest and most influential duty-free operators. It currently operates more than 20 stores nationwide, with a diverse product portfolio that includes cosmetics, fragrances, luxury goods, alcoholic beverages, tobacco, and electronics, among others.

The establishment of a duty-free store in the TEDA Cooperation Zone will serve as a unique commercial format, offering unparalleled shopping convenience to Chinese and Egyptian employees stationed in the zone, local port and surrounding residents, as well as business travelers heading to the Red Sea region. This initiative will not only meet diverse consumer needs, significantly enhance quality of life, and reduce time and transportation costs, but also further optimize the zone’s business environment, thereby supporting the long-term, stable development of foreign-invested projects.

In addition, the project will establish deep synergies with the supply-chain trade operations of the China-Africa TEDA Headquarters, effectively facilitating the international expansion of more Chinese-made products and fostering mutually beneficial, win-win two-way trade.

—END—

Previous Page

None

Media Spotlight | A New Paradigm for Parks Going Global

Next Page

Previous Page

None

Next Page

Media Spotlight | A New Paradigm for Parks Going Global

Related News

TEDA Cooperation Zone Welcomes Its First Duty-Free Store: Building a “Quality Lifestyle Circle” and Opening New Trade Channels

2026-04-15

The project will also establish deep synergies with the supply-chain trade operations of the China-Africa TEDA Headquarters, effectively facilitating the international expansion of more China-made products and fostering mutually beneficial, win-win bilateral trade.

Media Spotlight | A New Paradigm for Parks Going Global

2026-04-15

From deep local roots to innovative exploration, the cooperation zone has now evolved into an integrated “industry-city convergence ecosystem” that brings together manufacturing, logistics, trade, finance, innovation, and quality of life.

Teng Fei led a team to visit Teda Thermal Energy and Sino-African Teda for research, aiming to kick off the first quarter with a strong start.

2026-03-08

During their research visit, Teng Fei and his delegation emphasized that all enterprises must always uphold Party building as the guiding principle, unswervingly enforce full and strict governance over the Party, create distinctive Party-building brands, identify and promote advanced role models, and ensure that the Party flag flies high at the grassroots level.

Zhongfei Taida Pei Xinjian was awarded the title of “Advanced Individual in Safe Production” by Taida Industrial.

2026-03-08

China-Africa Teda Company will take advanced role models as its guide, continuously enhance the inherent safety level of overseas projects, and provide solid security guarantees for Chinese enterprises to participate in the joint construction of the Belt and Road Initiative with high quality.