Teda Egypt will invest USD 100 mn to develop infrastructure on a 2.9 sq km industrial plot in the Sokhna Industrial Zone in partnership with the Main Development Company (MDC), according to a statement.

The expansion — which brings Teda’s total land holding in the industrial zone to nearly 10 sq km — is meant to help localize specific industries within the zone and attract more Chinese manufacturers seeking access to regional and global markets, SCZone head Walid Gamal El Din said. Teda Egypt is nearing completion of its previously allocated 7.3 sqm Teda zone, according to the statement.

Chinese investors ❤️ SCZone: SCZone attracted over USD 4 bn in Chinese investments in the past three years, Gamal El Din said. Recent additions include Sunrev Solar’s USD 200 mn solar power component production complex and Comfily Hong Kong’s USD 20 mn bag and luggage factory. This comes as Egypt targets USD 16 bn in total Chinese investment over the next four years.

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