The head of the Suez Canal Economic Department meets the head of TEDA – Egypt to enhance cooperation between the two sides

Written by Fathi Al-Sayeh

4479 Mr. Walid Jamal Al-Din, Chairman of the Commission met General of the Economic Zone of the Suez Canal, Mr. / Leo Emin, President of the TEDA Region – Egypt, and his accompanying delegation, in the presence of Major General / Walid Youssef, Vice President of the Authority for the Southern Region, and Dr. / Ibrahim Abdel Khalek, Vice President of the Authority for Investment and Promotion Affairs, at the Authority’s main headquarters in Ain Sokhna; Within the framework of enhancing cooperation between the economic zone and the success partners of investors and industrial developers, following up the developments of the companies operating within the scope of the Suez Canal Economic Zone and standing up to the extent of the development achieved by the projects established in it; To provide the necessary support through direct and indirect investment procedures and incentives.

At the outset of the meeting, the Chairman of the Authority expressed his appreciation and cooperation with the Chinese side; The projects of the Chinese Industrial Zone (TEDA-Egypt) within the economic zone are evidence of the success of this cooperation, and the ability of the two sides to enhance it to achieve more successes, especially in projects of common interest. Its success from developers and business owners, its keenness on joint success, and its readiness to always cooperate in providing promotional efforts, whether internally or externally, for the projects of the Chinese region, in addition to the Authority’s willingness to assist the Teda region in preparing for the Chinese investment conference to be held soon in coordination with the Chinese embassy, ​​as the Chairman of the Authority indicated to His aspiration to conduct a promotional tour inside China, inviting the TEDA region – Egypt to accompany him on that tour. TEDA-Egypt His happiness with the generous initiative on the part of the head of the economic zone and the provision of support as usual, and pointed to the permanent support of the Chinese government for efforts to attract investment to the TEDA-Egypt region, noting that there are about 120 A Chinese industrial zone outside China, and occupies the Teda-Egypt region The center of the first among them, and he believes that the reason for this distinction is the choice of Egypt to be a site for their investments due to the close relations between Egypt and China, and he also made it clear that he values ​​the principle of cooperation for the sake of mutual success mentioned by Mr. Walid Gamal El-Din, and that the TEDA region seeks to attract 7 new projects in The coming period, with investments estimated at about $5 billion, and will present it to the authority’s management for cooperation in order to achieve it. He added that he has been working in Egypt for about 15 years. He considers it his second home, and he enjoys the full support of the various Egyptian institutions, especially the Suez Canal Economic Zone.