01:31

Egypt's Suez Canal Economic Zone draws Chinese investments

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STORY: Egypt's Suez Canal Economic Zone draws Chinese investments
SHOOTING TIME: Sept. 6, 2024
DATELINE: Sept. 7, 2024
LENGTH: 00:01:31
LOCATION: Cairo
CATEGORY: ECONOMY

SHOTLIST:
1. various of Egypt's Suez Canal Economic Zone project contract signing ceremony in China (courtesy of the Egyptian Cabinet)2. various of the Suez Canal

STORYLINE:

The Egyptian Prime Minister's Office said in a statement on Friday that Egypt's Suez Canal Economic Zone (SCZone) has signed contracts worth 1.067 billion U.S. dollars for a package of projects to manufacture chemicals, food products, and renewable energy components during the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

Chairman of the General Authority of the SCZone Waleid Gamal El-Dein said these contracts reflect the success of the SCZone in gaining the confidence of various international investments, especially Chinese investments.

He pointed out that the contracts include the first project of its kind in Egypt, the Middle East, and North Africa for the bromine industry, which reflects the economic vision of the Suez Canal in establishing integrated industrial clusters.

Xinhua News Agency correspondents reporting from Cairo.
(XHTV)

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