El-Din added that these include companies that SCZone recently succeeded in attracting with investments exceeding $1.067 billion during a promotional tour to China.
Another agreement with the same company involves setting up an investment fund with an initial capital of $300 million, where the Chinese company will finance more than 80% of the fund, alongside Egyptian investors.
This came during his meeting with CEO of Haier International Group and his accompanying delegation.
This endeavor unfolds in two phases, with the initial phase slated for completion and commencement of production by May 1, 2025.
Among the key agreements, six Chinese companies have signed land usufruct agreements with the China-Egypt TEDA trade zone in Ain Sokhna
