Staff members work on the fiberglass production line at a factory of Chinese fiberglass giant Jushi at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna district of Suez province, Egypt, Nov. 6, 2024. (Xinhua/Ahmed Gomaa)
CAIRO: The economic zone near Egypt’s vital Suez Canal built by China’s giant industrial developer TEDA is a promising model of the Belt and Road cooperation between Egypt and China, which contributes to the Egyptian industrial development, representatives of Egyptian political parties have said.
Representatives from a dozen renowned Egyptian parties, such as the Homat Al Watan (the Protectors of the Nation) Party, the Free Egyptians Party, the Al-Wafd Party, the Egyptian Socialist Party, and the Justice Party, recently toured the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna district of Suez province, where they visited a few Chinese factories, including those of Chinese home appliance manufacturer Midea and Chinese fiberglass giant Jushi.
Eslam EI-Shamy, human resources manager of Midea Egypt, said his company’s factory is operating at TEDA zone’s new 6-square-km expansion area and is currently producing about 120,000 dishwashers and 500,000 air fryers annually, with 70 percent of their components being manufactured in Egypt.
Ma Xinyao, deputy general manager of Jushi Egypt, a company that has been operating in TEDA zone’s primary area for about 12 years, told Xinhua that the company has four production lines with an annual production capacity of 360,000 tonnes of fiberglass.
“Our total investment in Jushi Egypt is around 1 billion U.S. dollars. We export 95 percent of our Egypt’s production while 5 percent goes to the local market,” Ma noted.
