🏗China’s Cosco Shipping to Build Logistics Park in Egypt November 12, 2017
Cosco Shipping, one of the largest shipbuilders in China has signed an agreement with TEDA Corporation of Egypt to build a 130,000 square meters logistics zone in the Suez Canal Economic Zone.
Set in Ain Sokhna, the park aims to create 300 new jobs in Egypt while forwarding the Chinese government’s Bely and Road Initiative which aims to make China a major logistics provider internationally.
The industrial park will include a textiles compound, a company manufacturing motorbikes and a large center for logistics.
https://www.marinelink.com/news/logistics-shipping-chinas431182