TEDA
Chinese Ambassador to Egypt Liao Liqiang announced that China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA) has recently achieved significant momentum on the financial level as first loan in renminbi worth 220 million yuan has been successfully disbursed to bank roll expansion work of second phase of the zone.
This reflects the zone’s dedication to promoting stronger cooperation with China, which includes the TEDA Cooperation Zone, Abdel-Khalek noted
Speaking during a meeting with chairman of the Suez Canal Economic Zone (SCZone) Walid Gamaleddin, Liu said he has been working in Egypt for about 15 years now and considers it his second homeland.
TEDA Egypt has won the top industrial developer award in Ain Sokhna economic zone at bt100 Awards.
SCzone houses 167 enterprises, Chairman of the Suez Canal Authority Mohab Mamish stated.
The new project will serve the Belt and Road Initiative as a major international logistics service-provider.
Economic and Commercial Counselor of the Chinese Embassy in Cairo Han Ping said the second phase of the Egyptian-Chinese industrial zone in Ain Sokhna (TEDA).
