On September 23, 2024, the groundbreaking ceremony for the Haier Egypt Ecological Park Phase II project, invested by Chinese enterprise Haier, was held in the city of Ramadan, Egypt.

Haier Egypt Ecological Park covers an area of 200000 square meters. The first phase of the project, which was put into operation in May this year, mainly covers products such as air conditioning, television, washing machines, etc; The second phase project that laid the foundation this time has an investment of about 40 million US dollars, producing two major categories of refrigerators and freezers.

Egyptian Minister of Investment and Foreign Trade Hassan Khatib said that Haier is the first Chinese company to obtain a gold license issued by the Egyptian government, becoming a model for foreign companies to invest in the Egyptian market. The Egyptian government attaches great importance to supporting economic and investment cooperation between the two countries, and is committed to attracting more Chinese investment, especially in the fields of technology engineering and household appliances.

Zhang Tao, the Ambassador of the Chinese Embassy in Egypt, stated that the implementation of the Haier Egypt Ecological Park Phase I project has attracted more Chinese companies to invest and set up factories in Egypt, driving the upgrading and development of the local home appliance manufacturing upstream and downstream industries, creating employment opportunities for the local area, cultivating outstanding talents, and generating foreign exchange income. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

Zhou Yunjie, Chairman and CEO of Haier Group, said that in July 2024, the first batch of products manufactured by Haier Egypt Ecological Park have been exported to Kenya. After the second phase of Haier Egypt Ecological Park is put into operation, it will further help Egyptian manufacturing go out of Egypt and into the world. (This article is from the official website of Jian Dao: www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website mechanical column editor/Zhou Yingwen