SAR vice-chairman: TEDA cooperation zone of great significance to Egypt

Release time:

2017-09-11 00:00

　　On September 7, 2017, one of the key activities of the 2017 China-Arab States Expo, the first international production capacity cooperation forum and overseas investment promotion fair was held in Yinchuan, Ningxia. Chinese and Arab participants jointly discussed the issue of promoting international production capacity cooperation. The forum signed 22 projects with an investment of about 17 billion yuan. It involves Oman, the United Arab Emirates, Egypt, Iraq, Mauritania, Lebanon, Mongolia and other countries. The investment areas cover infrastructure, mineral resources, energy and chemical industry, textile and clothing, food processing, agriculture, animal husbandry and fishery, and Internet tourism.

As the keynote speaker and interviewer, Mahafuz Mazuk, vice chairman of the General Administration of the Suez Canal Economic Zone in Egypt, introduced to the participants the details of the origin, vision, location advantages, strategic value, investment areas, regional policies and components of the Suez Canal Economic Zone.

It is worth mentioning that, as the official representative of Egypt, Vice Chairman Marzouk, in his keynote speech and interview, emphasized the importance of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Cooperation Zone) in promoting China-Egypt production capacity cooperation. significance.

Vice Chairman Marzouk said that the TEDA Cooperation Zone is a model project for Chinese enterprises to invest in Egypt. It has developed well at the intersection of China's "One Belt, One Road" strategy and Egypt's "Suez Canal Corridor" national development strategy, in order to drive the development of the entire economic zone., The promotion of Egypt's industrialization process is indispensable.

As an important starting point for promoting China-Egypt production capacity cooperation and a powerful engine for promoting Egypt's industrialization process, the 1.34-square-kilometer phase I project of the TEDA Cooperation Zone has attracted nearly 70 well-known Chinese and foreign companies to settle in by the end of 2016, attracting investment of more than 1 billion US dollars and solving employment for about 3000 people. With the joint unveiling of President Xi Jinping and President Sisi in January 2016, the second phase of the 6-square-kilometer TEDA Cooperation Zone has been completed. At present, the municipal infrastructure on the first plot has been completed and the conditions for enterprises to settle in. The project of China Dayuno and Egypt's largest automobile logistics company has been signed and settled. According to the plan, the second phase of the TEDA Cooperation Zone will attract 150-180 companies to enter the zone, creating about 40000 job opportunities for Egypt.

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