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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.

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