Back to the complete issue
Thursday, 19 April 2018

TEDA Egypt is looking to reel in USD 3 bn of Chinese investments to TEDA industrial zone

INVESTMENT WATCH- TEDA Egypt is looking to attract USD 3 bn worth of Chinese investment to its industrial zone in Ain Sokhna in the coming period, Chairman Liu Aimin said. The company is planning to sign the contracts for these investments once the second phase of the zone’s development is complete, according to Aimin, who did not disclose further details on the nature of these investments or the prospective investors.

Meanwhile, the US’ Pathfinder Technologies is looking into investing in platforms and renewable energy stations at the East Port Said Port, Al Mal reports. A delegation from the company met with port officials yesterday and said that the company is prepared to sign agreements for the projects once feasibility studies are complete.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.