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China eyes industrial zone in Suez Canal project

CAIRO, November 19, 2015

A delegation of Chinese officials met with the head of the Suez Canal Authority (SCA) to discuss the establishment of a Chinese industrial zone in the Suez Canal Axis Development project, a report said.

Head of SCA, Colonel General Mohab Mamish met with China’s Deputy Minister of Commerce Han Bing, and Chinese Minister of Economic and Commercial Affairs Qian Keming, added the Daily News Egypt report.

Mamish submitted an offer featuring investments in the development project in the Canal Zone, and the advantages of investing in this region, according to a statement issued by the SCA.

The colonel explained the phases of establishing the new Suez Canal Axis Development project, including the advantages of its establishment in world trade services, as well as its role in the development of the canal region, said the report.

The Suez Canal Axis Development zone will include various economic projects in the fields of ports, logistics, the automotive industry, infrastructure, construction and repair of ships and containers, and the furniture industry, added the report.




Tags: | China | industrial | Suez Canal Project |

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