SCZONE Chairman receives a delegation from the Chinese city of Yingtan to discuss bilateral cooperation

H.E. Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone, received at its headquarters in the Administrative Capital, the delegation of Yingtan City, Jiangxi Province, China, headed by Mr. Huang Yun, Chairman of the Yingtan Municipal Committee of the Chinese People’s Political Consultative Conference, and in the presence of several executive leaders of both sides. The meeting came to discuss bilateral cooperation, especially in the field of the copper industry and its applications, which the city is famous for, in addition to collaboration and exchange of experiences with the Guixi economic development zone which is affiliated to Yingtan City and the port connected to it, whether to attract Chinese companies operating in the city wishing to expand outside China or to cooperate with the port in various logistical activities.

“SCZONE is interested in cooperating with the business community in Yingtan City and the Guixi Economic Development Zone and its port. SCZONE, its industrial zones and its ports on the Red Sea and the Mediterranean Sea offer distinctive investment incentives and unprecedented competitive advantages, on top of which is the direct presence near various global markets and the possibility of reaching about two billion consumers internationally, not only through the strategic location of the zone but also by benefiting from the free and international trade agreements Egypt enjoys, as well as reaching more than 100 million local consumers. SCZONE aims to localize the copper industry and its various applications due to the growing demand for metal industries that characterize the city of Guixi. There is also great potential for cooperation between the port of Guixi City and SCZONE ports in providing various logistical activities. It should be emphasized that the success stories of Chinese investments within SCZONE reflect the great confidence of investors not only the Chinese but globally.” SCZONE Chairman declared

“We were thrilled to visit the Suez Canal Economic Zone and get to know closely what it offers to its investors, especially in light of the successful partnership with Chinese investments, which reflects the depth of relations between Egypt and China at all levels. We affirm our readiness to cooperate with SCZONE in areas of common interest, whether in industrial or logistical activities.” Mr. Huang Yun announced