$6 million.. Investments of the Chinese industrial zone in Egypt

During his tour of the company's factory, the prime minister listened to an explanation from Tony Fang, CEO of the company.

Fang explained that Hengtong Group is the largest manufacturer of optical fibers and power cables in China, and its business areas cover fiber and submarine cables, maintenance services, as well as the Internet of Things, big data and e-commerce, as well as emerging materials and new energy.

The company's president explained that "Heng Tong Egypt Fiber" signed a contract to settle in the cooperation area "TEDA", and is committed to building the largest and most advanced center for research and development of optical fiber cables, manufacturing and delivery in Egypt.

100 direct job opportunities

Tony Fang said that the company's factory in the "TEDA" area specializes in the production of optical fiber cables, communications engineering services and electrical engineering, and it is making investments amounting to 6 million dollars, on an area of 5904 square meters as a first stage that was launched in April 2022, and provides 100 direct job opportunities, and the production capacity reaches It has about two million units.

TEDA Suez for Economic and Commercial

It is noteworthy that “TEDA Suez for Economic and Commercial Cooperation between Egypt and China” is an integrated industrial zone in the modern style, with Chinese investments, on a total area (primary and expansionary) of about 7.5 km2. Work began on it through the primary stage in 2009, and the number of companies reaches to which 137 companies were attracted, divided into 57 industrial activities, 74 services, and 6 logistics activities.

TEDA Egypt

The main industries in the "TEDA Egypt" area vary between new building materials, petroleum equipment, high and low pressure equipment, as well as machinery manufacturing , building materials and chemical industries.

The manufacturing fields of companies based in Teda Egypt vary. For example, Daeun, a group of large-scale private enterprises, specializes in assembling motorcycles and electric vehicles, in addition to research and development in commercial vehicles, manufacturing, sales, services, international trade, and real estate development.

Investments amounting to $5 billion

  In addition to the “Yan Jiang” company, which specializes in manufacturing modern products, and the “Kadi” company, which specializes in clothing, textiles, fabrics, textile raw materials, manufacturing, processing, sales, refining, dyeing, as well as cotton and silk fabrics, and chemical fiber fabrics, as well as About technology research and development, import and export business.

It is noteworthy that TEDA Egypt is preparing to attract many other industries during the coming period, with investments amounting to $5 billion.