At the signing ceremony of the Suez Canal Economic Zone in Egypt, the hands of Kunming Chuanjinnuo Chemical Co., Ltd. from China and Egypt's El Sevedi Industrial Development Company were tightly held together. This grip not only marks a major breakthrough in the cooperation between the two countries in the field of phosphorus chemical industry, but also becomes a new milestone in China Egypt industrial cooperation under the the Belt and Road Initiative. Egyptian Prime Minister Madibuli personally witnessed the landing of this massive project with a total investment of 1 billion US dollars and an expected creation of tens of thousands of job opportunities.

Phase III construction promotes industrial upgrading

According to the statement released by the Egyptian Cabinet, this large-scale phosphorus chemical project will be promoted in three phases and run through the next decade. The first phase of the project is planned to start in 2026, focusing on the production of phosphate fertilizers to meet agricultural demand; The second phase of the project is expected to commence in 2029, with a focus on high value-added fine phosphorus chemical products; The third phase of the project will be launched in 2032, extending the industrial chain to the field of new energy materials, echoing the global trend of green transformation. The project products are mainly aimed at the international market, highlighting the global trade hub position of the Suez Canal Economic Zone.

Industrial localization and employment win-win situation

Egyptian Prime Minister Madbri pointed out at the signing ceremony that the project is a significant achievement of introducing key industrial projects into the Suez Canal Economic Zone, which will significantly enhance Egypt's independent production capacity in the heavy industry sector. Walid Jamaldin, Chairman of the Suez Canal Economic Zone Authority, further emphasized that the project is not only a single factory construction, but also a key step in promoting the localization process of Egyptian industry. Through technology transfer and industrial chain extension, Egypt is expected to transform from a resource exporting country to a high value-added chemical product manufacturing center. The project is expected to create approximately 10000 job opportunities and inject strong momentum into the local economic development. Keywords: the Belt and Road news, Middle East news

A practical example under the the Belt and Road Initiative

This cooperation is another practical achievement of Chinese enterprises and Egypt under the the Belt and Road framework. Kunming Chuanjinnuo Chemical Co., Ltd. leverages its technological advantages in the field of phosphorus chemical industry to jointly build a full industry chain system covering traditional fertilizers, fine chemicals, and even new energy materials with Egyptian partners.

The project, through resource integration and market synergy, not only meets international demand but also supports Egypt's industrialization strategy, demonstrating the principle of cooperation based on consultation, co construction, and sharing. With the gradual progress of the third phase of the project, the Suez Canal Economic Zone is expected to become a chemical industry hub radiating across Europe, Asia, and Africa. Editor/Yang Meiling