MoU signed between CGCOC and government for Abu Zanima industrial zone

Egypt signed an MoU on Friday with Chinese construction group CGCOC to help develop the Abu Zanima industrial zone in South Sinai, according to Al Borsa. The agreement was inked between the South Sinai governorate, the National Organization for Military Production, the Industrial Development Authority, and CGCOC. CGCOC will consult on the infrastructure and feasibility studies for the zone and potentially facilitate funding for the project through Chinese lenders, said Trade and Industry Minister Tarek Kabil.