{"id":620267,"date":"2024-05-19T00:00:00","date_gmt":"2024-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/chinese-investors-ink-usd-9-5-mn-worth-of-industrial-project-in-teda\/"},"modified":"2024-05-19T00:00:00","modified_gmt":"2024-05-19T00:00:00","slug":"chinese-investors-ink-usd-9-5-mn-worth-of-industrial-project-in-teda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/chinese-investors-ink-usd-9-5-mn-worth-of-industrial-project-in-teda\/","title":{"rendered":"Chinese investors ink USD 9.5 mn worth of industrial project in TEDA"},"content":{"rendered":"

More Chinese investments incoming:<\/strong> The Suez Canal Economic Zone (SCZone) has allocated land for two new projects worth a combined USD 9.5 mn in China\u2019s special economic zone TEDA, according to a statement<\/a> from the SCZone.<\/p>\n

#1- Xinjin Textile, Printing, and Dyeing will establish a USD 5.5 mn project<\/strong> on an area of 20k sqm;<\/p>\n

#2- Shengyuan Construction Engineering Company will establish a USD 4 mn project<\/strong> on an area of just under 16k sqm. <\/p>\n

ALSO NEW TO TEDA- <\/strong>During the signing of the land allocation agreement, the Egyptian and Chinese sides witnessed the unveiling of a number of projects new to TEDA: The Kemedi Chemical Company\u2019s USD 17.2 mn project, the Jasmine Industrial Investment\u2019s USD 1.9 mn project, and the Tiger King Tools\u2019 USD 1.9 mn project.<\/p>\n

The SCZone wants to house 1k Chinese companies by 2030<\/strong>:<\/strong> \u201cThe SCZone succeeded in attracting 128 projects worth USD 6 bn in the past 2 years, of which Chinese investments represent 40%. This success also extends through the expansions of the industrial developer TEDA. SCZone is working to provide all types of support to attract more investments. There is a legitimate ambition to level up the number of Chinese companies in SCZone to reach 1k by 2030,\u201d SCZone head Walid Gamal El Din said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new investments are the latest in a series of agreements for big ticket Chinese projects in the industrial park<\/p>\n","protected":false},"author":1,"featured_media":620268,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[116,72,103,125,131,416,7406,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-620267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-china","tag-enterpriseam","tag-fdi","tag-investment-watch","tag-manufacturing","tag-suez-canal-economic-zone","tag-teda-industrial-zone","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"5b726a60-72db-4779-aa75-8ce110131e6e","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1394.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese investors ink USD 9.5 mn worth of industrial project in Egypt\u2019s TEDA","related_issue":[620253],"teaser":"The new investments are the latest in a series of agreements for big ticket Chinese projects in the industrial park","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.dea29192-e51d-4551-95b1-fda52603219a.mp3"},"yoast_head":"\nChinese investors ink USD 9.5 mn worth of industrial project in TEDA - 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