Belt and Road projects: Past, present, future

Updated: Apr 22, 2019 chinadaily.com.cn Print

Share - WeChat

Economic and Trade Cooperation Zone

China-Egypt Suez Economic and Trade Cooperation Zone

The China-Egypt Suez Economic and Trade Cooperation Zone, located in the Ain Sokhna district of the Suez province east of Cairo, has become a landmark project for China and Egypt's cooperation under the Belt and Road Initiative.

The zone, officially starting construction over a decade ago, is operated by China-Africa TEDA Investment Co Ltd. It has attracted nearly 80 enterprises with investment of more than $1 billion, directly offered jobs to over 3,500 people and created 30,000 job opportunities through the industries gathered there.

In January 2016 the second phase of the zone, which covers an area of 6 square kilometers, was inaugurated. As of February infrastructure construction for 2 square km of the second phase has finished, and that eight industry-leading enterprises are already onboard with an investment of $200 million.