Follow CGSP on Social Media

Listen to the CGSP Podcast

Egypt’s Suez Canal Economic Zone Attracts Chinese Investment Bonanza

by Cobus van Staden
A file image of China's President Xi Jinping (L) meeting his Egyptian counterpart Abdel Fattah el-Sisi in 2016. Image: AFP / Egyptian Government

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:

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

When Viewed in Context, Africa’s Trade With China is Very Small

Although China is by far Africa’s largest bilateral trading partner with two-way trade this year on track to exceed last year’s $187 billion. In the January-August period, according to Vice ...

Africa Accounts For Just 1.7% of China’s Total Global Investment Stock, Says MOFCOM

Even amid the pandemic, Chinese investment overseas last year increased by 12.3% to $153.71 billion, according to a new report published last week by the Ministry of Commerce, National Bureau of Statistics, and ...

China Daily’s Use of the Word “Investments” is Highly Misleading

A report in the state-run newspaper China Daily that touted China’s “investments” in Africa’s burgeoning sustainable energy sector was misleading and highlights a common problem surrounding the use of the word “investments” in ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.