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Chinese investors have been loving Egypt as of late — here’s the breakdown of how this love has translated into investments
The gov’t wants to drum up USD 1 bn worth of Chinese investments in 2024.
Walid Gamal El Din to head the SCZone for another year. PLUS: SCA’s Osama Rabie to retain his role
Gamal El Din has been head of the SCZone since 2022
Hengsheng lays foundation stone for USD 70 mn textile factory in the SCZone
Hengsheng is looking to achieve annual sales worth USD 300 mn
ITIDA, Telecom Egypt, and Nokia to establish internet protocol center of excellence in Cairo. PLUS: Emirates NBD Egypt, Arab Contractors, Antipollution Egypt, Schindler, EgyptAir + Air Cairo + Nesma
The center will initially export digital services to over 60 countries in the MEA region
Egypt inks EUR 67.7 bn worth of agreements and MoUs at Egypt-EU Investment Conference
Green hydrogen investments brought in the most
China’s Befar to set up USD 250 mn first phase of integrated chemicals project
The complex is expected to generate annual revenues of USD 230 mn
Egypt an export hub for palm oil?
Malaysia intends to set up a logistics and marketing center for palm oil in Egypt
Chinese investors ink USD 9.5 mn worth of industrial project in TEDA
The new investments are the latest in a series of agreements for big ticket Chinese projects in the industrial park
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