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Thursday, 28 July 2016

Suez Canal Economic Zone Authority to sign 3 MoUs for Chinese funding today

The Suez Canal Economic Authority is set to sign MoUs today with China Development Bank, China-Africa Development Fund and Qingdao Port for funding logistic and industrial projects, a source told Al Borsa. The funding institutions will offer credit facilities to establish containers stations at Ain Sokhna Port and will fund industrial projects by Chinese companies in the Zone. The value of the funding was not specified, but the institutions will visit Egypt in September for talks on the terms of the agreement, the source said.

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