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The China Glass Company, the Suez Canal Economic Zone, and the China-Africa TEDA Investment signed the framework agreement for investment cooperation for the new energy glass production project, which will help Egypt achieve a shift in the energy equation and green and low-carbon development
The China Glass Company, the Suez Canal Economic Zone, and the China-Africa TEDA Investment signed the framework agreement for investment cooperation for the new energy glass production project, which will help Egypt achieve a shift in the energy equation and green and low-carbon development.
The Chinese company CSCEC also signed several framework cooperation agreements with the Egyptian Ministry of Civil Aviation regarding the expansion of airports and aircraft hangars, which symbolises the official start of cooperation between the two countries in the field of civil aviation, according to Tao.
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Of late, China has been investing in Egypt. A Chinese company Xinxing Ductile Iron Pipes intends to invest US $2 billion in iron and steel plants in the Suez Canal Economic Zone, Egypt’s cabinet said. The plants are planned in an industrial zone at the Egyptian Red Sea port of Ain Sokhna developed by China’s Tianjin TEDA and will manufacture iron pipes and steel products including for export, the statement said. Earlier this month, Hong Kong’s CK Hutchison Holding and China’s Cosco Shipping Ports announced investments in terminals at the ports of Ain Sokhna and Alexandria, and the Egyptian cabinet said China Energy was looking to invest in a large green hydrogen project in Egypt.
