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Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone

STORY: Egypt to establish 1-bln-euro tire factory in Suez Canal Economic Zone DATELINE: Sept. 21, 2023 LENGTH: 00:01:34 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the signing ceremony of the tire factory project (courtesy of Egyptian Cabinet) 2. various of the Suez Canal STORYLINE: Egypt will establish a tire factory with investments valued at one billion euros (1.07 billion U.S. dollars) in the Suez Canal Economic Zone (SCZone) northeast of the capital, the Egyptian government said in a statement on Wednesday. The factory will cover 400,000 square meters in three phases, it said. The project aims to produce tires for private cars and heavy trucks with a production capacity of seven million per year at the time of full operation, it added. The move is part of the SCZone's strategy to localize several integrated service and industrial sectors, the statement said, adding that the new factory initially targets securing the needs of domestic markets and reducing importation. It will provide

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EGYPT-SUEZ-CHINA-EGYPT TEDA

(230821) -- CAIRO, Aug. 21, 2023 (Xinhua) -- Nahla Emad, CEO of the Egypt-TEDA Suez Canal Economic Zone (SCZone) Development Company, is pictured at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Suez province, Egypt, Aug. 10, 2023. TO GO WITH "Explainer: How a joint economic and trade cooperation zone connects the Bohai and Red seas" (Xinhua/Sui Xiankai)

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Egypt's Suez Canal announces success of fueling 1st ship with green energy

STORY: Egypt's Suez Canal announces success of fueling 1st ship with green energy DATELINE: Aug. 19, 2023 LENGTH: 00:00:43 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of 1st green-energy-powered ship passing through the Suez Canal (Credit: MAERSK) STORYLINE: The General Authority for the Suez Canal Economic Zone (SCZone) announced on Friday the success of fueling an international vessel with green energy methanol. This is part of the Egyptian strategy to restore its role of providing fueling services for ships, which is a significant step to maximize the benefits of Egypt's ports on the Mediterranean and the Red Sea. The first green-energy-powered ship, owned by Danish shipping conglomerate Maersk, passed through the Suez Canal in its journey from Asia to Europe. It was powered for nearly six hours by 500 tons of green methanol in the port of East Port Said on Thursday. The statement added that the SCZone plans to turn its ports into a regional hub for fueling vessels with traditional or gree

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Egypt's Suez Canal Economic Zone authorized to set up company to manage investments

STORY: Egypt's Suez Canal Economic Zone authorized to set up company to manage investments DATELINE: Aug. 4, 2023 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Egyptian cabinet headquarters 2. various of Prime Minister Mostafa Madbouly speaking 3. various of the Sokhna port 4. various of factories within the Suez Canal Economic Zone 5. various of the Suez Canal Economic Zone under development STORYLINE: The Egyptian government on Thursday authorized the General Authority for Suez Canal Economic Zone (SCZone) to set up a joint-stock company called "SCZone Istithmar" to manage investments. According to a decision published by the official gazette, Egyptian Prime Minister Mostafa Madbouly has approved the move to establish the company, which is tasked with formulating strategic plans to manage the SCZone's current and future investments and set up joint development enterprises with the private sector. The company will also seek cooperation and establish partnersh

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Egypt, China's TEDA celebrate 15th anniversary of launching joint economic zone

STORY: Egypt, China's TEDA celebrate 15th anniversary of launching joint economic zone DATELINE: July 15, 2023 LENGTH: 00:02:08 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the office building of China-Egypt TEDA Suez Economic and Trade Cooperation Zone 2. various of guests attending the 15th anniversary of the launch of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone 3. various of SCZone chairman Waleid Gamaleldien speaking 4. SOUNDBITE 1 (Arabic): WALEID GAMALELDIEN, SCZone chairman 5. various of the minister of the Chinese Embassy in Egypt Zhang Chaoyang speaking 6. SOUNDBITE 2 (Chinese): ZHANG CHAOYANG, Minister of the Chinese Embassy in Egypt 7. various of guests attending the event 8. various of the governor of Egypt's Suez governorate Abdul-Majeed Saqr speaking 9. various of the executive director of TEDA companies in Egypt Song Caicen speaking 10. various of awarding and signing ceremony during the event STORYLINE: Egypt and Chinese industrial developer TEDA celebrated on

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EGYPT-SUEZ-CHINA-SCZONE-15TH ANNIVERSARY

(230714) -- SUEZ, July 14, 2023 (Xinhua) -- Abdul-Majeed Saqr, governor of Egypt's Suez governorate, delivers a speech during a ceremony at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (SETC-Zone) in Suez, Egypt, July 12, 2023. Egypt and Chinese industrial developer TEDA celebrated on Wednesday the 15th anniversary of launching their joint economic and trade cooperation zone at Egypt's Suez Canal Economic Zone (SCZone) east of the capital Cairo. TO GO WITH "Roundup: Egypt, China's TEDA celebrate 15th anniversary of launching joint economic zone" (Xinhua/Wang Dongzhen)

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EGYPT-SUEZ-CHINA-SCZONE-15TH ANNIVERSARY

(230714) -- SUEZ, July 14, 2023 (Xinhua) -- Zhang Chaoyang, minister of the Chinese Embassy in Egypt, delivers a speech during a ceremony at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (SETC-Zone) in Suez, Egypt, July 12, 2023. Egypt and Chinese industrial developer TEDA celebrated on Wednesday the 15th anniversary of launching their joint economic and trade cooperation zone at Egypt's Suez Canal Economic Zone (SCZone) east of the capital Cairo. TO GO WITH "Roundup: Egypt, China's TEDA celebrate 15th anniversary of launching joint economic zone" (Xinhua/Wang Dongzhen)

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EGYPT-CAIRO-CHINA-EGYPT ECONOMIC AND INVESTMENT FORUM

(230107) -- CAIRO, Jan. 7, 2023 (Xinhua) -- Waleid Gamaleldien, chairman of Egypt's Suez Canal Economic Zone (SCZone), addresses the China-Egypt Economic and Investment Forum held in Cairo, Egypt, Jan. 5, 2023. Organized by the Chinese Chamber of Commerce in Egypt and the Egyptian-Chinese Friendship Association on Thursday, the China-Egypt Economic and Investment Forum was attended by more than 290 officials and entrepreneurs from the two countries, who discussed "golden opportunities" for bilateral economic and trade cooperation covering new energy, infrastructure, manufacturing and automotive industry, among others. (Xinhua/Sui Xiankai)

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EGYPT-SUEZ-JUSHI-CHINESE FIBERGLASS PRODUCER-NEW PRODUCTION LINE

(221216) -- SUEZ, Dec. 16, 2022 (Xinhua) -- Suez Canal Economic Zone (SCZone) Chairman Waleid Gamaleldien speaks during an interview with Xinhua at China's giant fiberglass producer Jushi in Suez province, Egypt, Dec. 15, 2022. China's giant fiberglass producer Jushi on Thursday inaugurated a new production line at its Egyptian factory located in Ain Sokhna of the Suez province. TO GO WITH "China's fiberglass giant opens new production line in Egypt" (Xinhua/Sui Xiankai)

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China's fiberglass giant opens new production line in Egypt

STORY: China's fiberglass giant opens new production line in Egypt DATELINE: Dec. 16, 2022 LENGTH: 00:01:54 LOCATION: AIN SOKHNA, Egypt CATEGORY: ECONOMY SHOTLIST: 1. various of the ceremony 2. SOUNDBITE 1 (Chinese): ZHANG WENCHAO, Oversea director of China Jushi 3. SOUNDBITE 2 (English): WALEID GAMALELDIEN, SCZone Chairman STORYLINE: China's giant fiberglass producer Jushi on Thursday inaugurated a new production line at its Egyptian factory located in Ain Sokhna of the Suez province. The inauguration ceremony was attended by several Egyptian and Chinese officials, businessmen and diplomats. SOUNDBITE 1 (Chinese): ZHANG WENCHAO, Oversea director of China Jushi "The new line has an investment of 350 million U.S. dollars. It's recruiting nearly 600 local employees. It has a production capacity of 120,000 tonnes of fiberglass. The fiberglass produced here can be exported to many places in the world, mainly Europe, the United States and the Middle East." Established in Suez in 2012, Jushi Egypt complete

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Egypt unveils strategy to localize auto industry

STORY: Egypt unveils strategy to localize auto industry DATELINE: June 15, 2022 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Prime Minister Mostafa Madbouly's visit 2. SOUNDBITE 1 (Arabic): MOSTAFA MADBOULY, Egypt's Prime Minister 3. various of an agreement signing ceremony STORYLINE: Egyptian Prime Minister Mostafa Madbouly on Tuesday unveiled a national strategy for the localization of the auto industry, as part of the Egypt Vision 2030. Madbouly's remarks came during his visit to the East Port Said Industrial Zone, which is affiliated with the Suez Canal Economic Zone (SCZone), where he met with some of the world's major auto manufacturers, said the Egyptian cabinet in a statement. SOUNDBITE 1 (Arabic): MOSTAFA MADBOULY, Egypt's Prime Minister "The volume of our car imports did exceed 4 billion U.S. dollars last year, so we spent 4 billion U.S. dollars from our reserves. Because our current market (of cars) hasn't reached 300,000. However, the big challenge

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EGYPT-SUEZ-CHINA-TEDA-PROJECTS-LOGISTIC SERVICES-USED-CAR IMPORT-LAUNCH

(220126) -- SUEZ (EGYPT), Jan. 26, 2022 (Xinhua) -- Mohamed Shabaan, vice-chairman of the Suez Canal Economic Zone (SCZone), delivers a speech during a celebration of TEDA's launch of new projects at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Suez province, Egypt, on Jan. 25, 2022. Chinese giant industrial developer TEDA celebrated on Tuesday the successful launch of new projects on logistic services and used-car import in China-Egypt TEDA Suez Economic and Trade Cooperation Zone in northeastern Egypt. (Xinhua/Ahmed Gomaa)

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EGYPT-SUEZ-CHINA-TEDA-PROJECTS-LOGISTIC SERVICES-USED-CAR IMPORT-LAUNCH

(220126) -- SUEZ (EGYPT), Jan. 26, 2022 (Xinhua) -- Mohamed Shabaan, vice-chairman of the Suez Canal Economic Zone (SCZone), is interviewed with Xinhua during a celebration of TEDA's launch of new projects at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Suez province, Egypt, on Jan. 25, 2022. Chinese giant industrial developer TEDA celebrated on Tuesday the successful launch of new projects on logistic services and used-car import in China-Egypt TEDA Suez Economic and Trade Cooperation Zone in northeastern Egypt. (Xinhua/Ahmed Gomaa)