Another company sets up shop in China’s Teda zone: China Glass Holding subsidiary CNG Egypt New Energy Glass kicked off construction work on a USD 300 mn glass factory, according to a statement from the Suez Canal Economic Zone (SCZone). The factory will be located in the China-Egypt Teda industrial zone across a 500 sqm area.

The specs: The project will have a flat glass production line with a daily capacity of 1k tonnes and a photovoltaic glass production line with a daily capacity of 800 tonnes. Once completed, the project is set to create some 1k jobs.

We heard about this before: The agreement for the factory was signed back in September amidst a raft of contracts and MoUs inked between Egypt and Chinese companies — totaling over USD 1.1 bn — during the Forum on China-Africa Cooperation.

DATA POINT- Teda currently has around 200 Chinese companies operating in it, according to SCZone head Walid Gamal El Din.

**Want to know more about Chinese industrial investments in the country? We took a deep dive into growing Chinese industrial investments and government efforts to attract more Chinese capital across various sectors in a recent Inside Industry. You can read the story here.

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