Cairo: Egypt’s Suez Canal Economic Zone (SCZone) held talks on Sunday with a high-level Chinese delegation led by Guangdong Province Governor Wang Weizhong to explore new avenues for industrial, logistics, and port cooperation.
According to State Information Service Egypt, the meeting, hosted by SCZone Chairman Waleid Gamal El-Din, aimed to build on existing Chinese investments and expand strategic collaboration in key sectors, including automotive manufacturing, renewable energy, and technology. Gamal El-Din highlighted the ongoing efforts to leverage successful Chinese partnerships within the SCZone and emphasized the potential for broader cooperation, supported by the political leadership of both countries.
Guangdong’s governor praised the SCZone for its investment incentives and strategic location, describing it as a ‘global hub’ for logistics and industrial exports. He noted the significance of Egypt’s international and free trade agreements. The visit included senior provincial officials, embassy representatives, and executives from major Chinese firms. Governor Wang expressed the province’s encouragement for its companies to invest in the SCZone and showed interest in knowledge exchange and further integration of economic ties between the two countries.
The SCZone has emerged as a key component of Egypt’s industrial development strategy, offering tax incentives, infrastructure, and proximity to global shipping routes via the Suez Canal.