Arab Finance: Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, received at the Authority’s headquarters in the Administrative Capital a high-level economic delegation from Hong Kong, headed by Nick Chan, Vice President of the Suez Canal Economic Zone. Hong Kong of the People’s Congress of China, Director of the Regional Arbitration Center in Hong Kong (AALCO), and Herman TSE, Deputy Head of the Delegation, and Head of Commercial and Professional Services at the Investment Agency “Invest HK” of the Hong Kong Government. The delegation included representatives of many governmental, economic and legal institutions in Hong Kong, This is to discuss ways of cooperation in areas of common interest.
During the meeting, Gamal El-Din expressed his welcome to the delegation. He also stressed that the Suez Canal economy has many commonalities with Hong Kong with regard to the economic vision based on interest in infrastructure, integration between industrial, maritime and logistical activities, and a number of financial incentives. He pointed out that these The vision was reflected in the existing cooperation between the economic zone and the State of China. The number of Chinese companies operating within the Suez Canal economy has reached more than 200 companies, including Hutchison Ports, which cooperates with the economic zone in operating a container terminal in Sokhna Port within a global alliance of port operators.
Walid Gamal El-Din added that the Suez Canal Economic Zone has become the ideal destination for expansion of investments by East Asian countries in various sectors due to its strategic location and its ability to facilitate access to various global markets, in addition to the ability of this location to reduce the cost of transportation, and the availability of various energy sources and trained human cadres at affordable prices. He pointed out that the targeted sectors within the economic zone are diverse and include 21 industrial and service sectors that were identified according to studies related to the needs of local and regional markets. He stressed the possibility of cooperation with the business community in Hong Kong in the field of producing green energy, complementary and nourishing materials for this industry, and the automobile industry. , pharmaceutical industries, and data centers. He also stressed the readiness of the industrial zones to receive various types of industries through 4 industrial zones integrated with 6 sea ports on the Red Sea and the Mediterranean Sea, as the Suez Canal Economic Zone aims, through the integration model it adopts, to be one of the most important solutions. For all crises related to global supply chains.
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