SCZONE seeks Shaanxi investment in clean energy, automotive manufacturing

Mostafa Sheikhoun, Chairperson of the Suez Canal Economic Zone (SCZONE), received a high-level trade delegation from China’s Shaanxi Province, led by Jia Chenglan, Chairperson of the Shaanxi Sub-Council of the China Council for the Promotion of International Trade (CCPIT), to explore investment opportunities in SCZONE’s priority sectors for industrial localisation, particularly clean energy and automotive manufacturing. The meeting was coordinated by the Federation of African Chambers in Egypt and attended by several senior SCZONE executives. The Chinese delegation also included representatives of provincial government bodies, senior banking executives and representatives of major companies operating in the energy, manufacturing, investment and logistics sectors.

At the beginning of the meeting, Sheikhoun stressed that SCZONE looks forward to working with Shaanxi’s business community, particularly in clean energy and heavy industries, where the province has considerable expertise, as well as advanced technology, electronics, automotive manufacturing and logistics. He highlighted the strategic partnership between Egypt and China, which covers numerous fields. He explained that SCZONE has a strong track record of successful Chinese investments, particularly in the TEDA industrial zone and, more recently, the West Qantara Industrial Zone, as well as Sokhna Port. Sheikhoun also emphasised that SCZONE’s direct and indirect investment incentives, extensive availability of utilities and infrastructure, skilled technical workforce, and strategic location at the crossroads of global trade routes, supported by international free trade agreements, provide competitive advantages over comparable economic zones. These advantages, he said, support the success of projects established…