Egypt and China have signed an agreement for the expansion of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, under which Chinese developer TEDA will invest 100 million USD to develop infrastructure for an additional 2.86 square kilometers in the Suez Canal Economic Zone (SCZone). The agreement was signed between the SCZone, the Main Development Company (MDC), and TEDA Egypt, in a ceremony attended by Egyptian Prime Minister Mostafa Madbouly.
According to the statement, as TEDA nears completion of its previously allocated 7.34 square kilometers in the Ain Sokhna area, the total area of the industrial zone will exceed 10 square kilometers. The infrastructure investment aims to attract diverse industrial investments and support SCZone’s goal of building integrated and sustainable industrial communities. Prime Minister Madbouly emphasized the importance of this cooperation in accelerating industrial development, highlighting SCZone’s capacity to become one of the region’s key manufacturing and logistics hubs.
Established in 2008, the China-Egypt TEDA Suez zone has become one of the SCZone’s most prominent industrial hubs, attracting 185 companies and over 3 billion USD in cumulative investment. SCZone Chairman Waleid Gamal Eldien stated that the expansion provides a new platform for localizing targeted industries and attracting more Chinese companies seeking access to regional and global markets. TEDA official Cao Hui added that the newly expanded area is expected to be fully developed within 2 to 3 years, with a focus on high-end manufacturing sectors such as new energy, new materials, automobile parts, and fine chemicals.