SCZone inks contracts for China-Egypt TEDA Cooperation Zone projects

The signing took place on the sidelines of the event celebrating 15 years of the partnership between TEDA Egypt and SCZone.

Among the contracts signed were one worth $20 million with DEYU (Egypt) for textile printing and another worth $25 million with Aoxiu Textile Company. DEYU Machinery is a professional manufacturer and exporter of glass machinery located in Guangdong, China.

TEDA-Egypt has made investments worth $1.6 billion in the country, SCZone chairman Walid Gamal El Din was quoted as saying by Egyptian media reports.

SCZone delegates visited several Chinese provinces on promotional tours during May and June this year seeking investment opportunities.

ALCHEMPro News Desk (DS)