People's Daily Online China-Egypt TEDA Suez Economic and Trade Cooperation Zone to Accelerate Strategic Upgrading

A few days ago, the China-Egypt TEDA Suez Economic and Trade Cooperation Zone held its 15th anniversary and strategic upgrade activities, and released the 2030 vision of the TEDA Cooperation Zone-strategic upgrade plan. The plan is to further expand the construction of the TEDA Cooperation Zone project, effectively connect with the Tianjin Dongjiang Comprehensive Bonded Zone, and help Tianjin expand the breadth and depth of opening up.

It is reported that the TEDA Cooperation Zone plans to cultivate a number of leading backbone enterprises with outstanding competitive advantages and strong driving ability through the construction of three major projects, namely, the industrial agglomeration capacity improvement project, the industrial service capacity improvement project, and the industrial supporting capacity improvement project, so as to promote industrial agglomeration and cluster development. According to the plan, the park will comprehensively promote development, accelerate industrial agglomeration, promote "internal and external linkage", build a "one core, two corridors, three bases" layout, and explore the results of a two-way open system.

As the competent authority of the TEDA Cooperation Zone, Walid Jamaledin, Chairman of the General Administration of the Suez Canal Economic Zone, pointed out in his speech that the TEDA Cooperation Zone is located in the three continents of Asia, Africa and Europe, and is also an important support for the "Belt and Road". Point, the strategic position is unique. "Under the joint planning and promotion of the two heads of state, the TEDA cooperation zone, as a model project of the canal special zone and even the whole Egypt, has successfully attracted 140 enterprises to settle down, which has effectively promoted the economic and trade exchanges and investment cooperation between China and Egypt." He said that he is not only optimistic about the next 15 years of the cooperation zone, but also happy to see the cooperation zone become a century-old brand.

Suez Governor Abdul Majid Saquer said that the TEDA Cooperation Zone's complete infrastructure and preferential investment policies are hugely attractive to foreign investment in Egypt, and TEDA is a trustworthy partner. "I have visited the TEDA Cooperation Zone many times, and every time I make new discoveries, the construction of the park is getting better and better, and there are more and more enterprises."

Zhang Chaoyang, the minister of the Chinese Embassy in Egypt, said that in the past 15 years, the TEDA cooperation zone has grown from scratch and has flourished with the strong support of the two governments. The actual investment, sales, and tax payments have continued to grow.

Ma Lu, chief representative of the China Development Bank, said that Egypt's TEDA is the pioneer, leader and practitioner of China-Egypt "Belt and Road" cooperation. "After 15 years of hard work, China and Egypt have worked together to build important projects and sample models for China-Egypt economic and trade cooperation on a desert Gobi."

Chang Weicai, president of the China-Egypt Chamber of Commerce, said that since the establishment of the TEDA Economic and Trade Cooperation Zone, many Sino-Egyptian economic and technological cooperation projects have been implemented, which have promoted and promoted the economic and social development of Egypt, especially provided more and more labor and employment. The landing of the "One Road" initiative in Egypt has injected strong momentum.

As a demonstration project of China-Egypt economic and trade cooperation, the TEDA Cooperation Zone is currently an industrial park with the best comprehensive environment, the largest investment density, the highest unit output, and the most concentrated Chinese-funded enterprises in Egypt. Zhang Zhixiang, assistant to the executive director of Egypt's TEDA, said that at present, the TEDA cooperation zone has attracted more than 140 enterprises, with actual investment exceeding US $1.6 billion, accumulated sales exceeding US $3.7 billion, and taxes and fees exceeding US $0.2 billion, directly solving the employment problem of nearly 6000 people and industry driving employment of about 50000 people. Egyptian President Sisi has been rated as the most successful project in the Suez Canal Economic Corridor. Egyptian Prime Minister Madabri also praised the TEDA cooperation zone as "a model of Egyptian industrial parks".

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Source: People's Daily Online

Reporter Shen Xiaoxiao