Chinese Amb.: TEDA Advances Industrial Co-op with Egypt
Nada Mustafa
Chinese Ambassador to Cairo, Liao Liqiang, announced that China-Egypt TEDA Suez Economic and Trade Cooperation Zone has recently achieved a major financial breakthrough with the successful disbursement of its first loan in renminbi, valued at 220 million yuan.
The loan will finance the expansion of the zone's second phase.
In a post on X (formerly Twitter) today, the ambassador highlighted the zone's impressive performance, noting that it has successfully attracted 185 companies with total investments exceeding $3 billion.
The zone has recorded sales of more than $5.3 billion, paid around $300 million in taxes, and generated nearly 10,000 direct job opportunities.
Ambassador Liao affirmed that the TEDA Suez zone has now become a leading model for successful industrial cooperation between Egypt and China.
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