Egypt Daily News – Multiple contracts have been signed today at the Suez Canal Economic Zone with the presence of Prime Minister Dr. Mostafa Madbouly. The event was attended by Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, Egyptian Ambassador to Beijing Asem Hanafi, and Qu Defu, Chairman of Teda Holding Company.
In summary, today’s signing of multiple contracts within the Suez Canal Economic Zone includes:
Glass Production Factory:
Investments: $300 million
Output: Over 240,000 tons of high-quality glass and 230,000 tons of photovoltaic glass annually.
Job Opportunities: 800
Area: 500,000 square meters
Caustic Soda Production:
Investments: $500 million
Capacity: 100,000 tons
Job Opportunities: 795
Area: 400,000 square meters
Green Initiative: Relies on renewable energy sources
Solar Cell Production Factory:
Investments: $100 million
Capacity: 2 gigawatts
Job Opportunities: 600
Area: 77,000 square meters
Modified Starch Production Factory:
Investments: $7.5 million
Production: 20,000 tons annually in the first phase, potentially rising to 50,000 tons
Job Opportunities: 156
Area: 41,000 square meters
Home Appliance Supply Chain Support Facility:
Investments: $50 million
Job Opportunities: 300
Area: 80,000 square meters
These projects will enhance industrial capabilities in Egypt and strengthen economic ties between Egypt and China, highlighting the role of the Suez Canal Economic Zone as a vital hub for international investment and economic collaboration.
