Egypt Daily News – Prime Minister Mostafa Madbouli witnessed the signing of four commercial contracts between Egypt and the Chinese company Xinxing, valued at approximately EGP 34.5 billion. The agreements were signed during his visit to the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone (SCZone), in conjunction with the official opening of Xinxing’s ductile iron pipe manufacturing facility located in the TEDA industrial zone.
The contracts involve the supply of ductile iron pipes for both national and regional projects. Of the total value, around EGP 32.5 billion is allocated to key infrastructure projects within Egypt, while the remainder, valued at USD 39 million, is designated for export—most notably to Saudi Arabia.
Present at the signing were key government officials including the Ministers of Industry and Transport, Housing, and the Governor of Suez, along with SCZone Chairman Waleid Gamal El-Din and representatives from the Chinese embassy. Yi Maolin, CEO of Xinxing in Egypt, signed the agreements on behalf of the company.
The first contract, signed with Arab Contractors, covers the supply of 1,056 tons of pipes for a water station in the New Administrative Capital. The second, with Madkour Group, involves the delivery of 27,769 tons for the Ministry of Housing’s “Jannah” project. A third contract was signed with Hassan Allam Trading & Engineering to supply 19,621 tons for a project in Aswan. The fourth, signed with Concord for Engineering and Construction, includes 29,162 tons of pipes destined for Saudi Arabia’s Third Ring Road project in Mecca.
In total, the agreements cover more than 77,600 tons of pipes in various sizes and specifications, reflecting the factory’s production readiness and its capacity to serve both domestic needs and export markets.
Madbouli highlighted the importance of the project in reducing Egypt’s reliance on imported industrial materials, saving foreign currency, and supporting the localization of key industries. He also emphasized that partnerships with the private sector are crucial to achieving the country’s broader development goals.
Waleid Gamal El-Din, head of SCZone, noted the strategic value of the Xinxing factory, describing it as a critical addition to Egypt’s industrial base and a direct contributor to sustainable development. He stressed that the SCZone continues to act as a gateway for international investment, offering a strong link between manufacturing hubs and global markets—especially in the face of current global economic challenges.
