Egypt’s Chinese-built Suez Canal Economic Zone attracted a whopping $3 billion in Chinese investments, according to its chairperson Walid Gamal El-Din following his visit to Beijing in late May.
The deals cover a broad range of industries, from apparel to power generation. Here are the three biggest:
- XINXING DUCTILE IRON PIPES: $2 billion. The factory will produce 250,000 tons of pipes per year, with plans to double that output in its second phase.
- HIDIER POWER GROUP: $365 million. Two separate deals with China-Africa TEDA Investments Co will see Hidier building a power plant at the zone and a facility for advanced combustion systems.
- SHANDONG TIANYI: $310 million. The chemical company will build twin facilities to produce bromines, caustic salt, and other industrial chemicals.
