During their meeting, Wei expressed the company’s interest in launching a significant project to produce cars and spare parts in the Suez Canal Economic Zone.
El-Din underlined that the facility's production of flat and photovoltaic glass, which is used in solar panel manufacturing, will support the growth of renewable energy industries.
Alaa added that the project’s first phase will involve cultivating 1,000 acres, expected to be completed by September 2025.
El-Din added that these include companies that SCZone recently succeeded in attracting with investments exceeding $1.067 billion during a promotional tour to China.
Another agreement with the same company involves setting up an investment fund with an initial capital of $300 million, where the Chinese company will finance more than 80% of the fund, alongside Egyptian investors.
