On October 15, 2026, an economic and trade dialogue was held at the headquarters of the Suez Canal Economic Zone, the new administrative capital of Egypt, connecting the banks of the Red Sea and the Xiang River. Sheikh Weng, Chairman of the Suez Canal Economic Zone, met with a delegation led by Chung Wing Hei, Vice President of the Hong Kong Trade Development Council. The two sides exchanged ideas on deepening investment and industrial cooperation, and expanding new opportunities for cooperation. The delegation members include Lin Guojun, Chief Representative of the Hong Kong Trade Development Council for the Middle East and Africa, and Nasif Mahfouz, among others. Officials from the Economic Zone Bureau also attended the meeting.

Suez Economic Zone Welcome Group

Sheikh Weng stated that the Suez Canal Economic Zone looks forward to further strengthening its ties with the Hong Kong business community, promoting pragmatic cooperation in the industrial and investment fields, and actively exploring new investment opportunities. The economic zone relies on Egypt's strategic location advantage of connecting Asia, Africa, and Europe, with industrial parks connected to seaports, complete infrastructure, and related investment incentive policies. It is committed to attracting investment, promoting localized industrial development, and expanding exports. The Suez Canal Economic Zone is a national strategic economic zone in Egypt, covering multiple industrial zones such as the Northwest Suez Gulf Economic Zone, Port Said East, Dumyat, and Arish. In recent years, it has continued to attract international manufacturing investment.

Both parties jointly discuss investment cooperation

Zhong Yongxi stated that Hong Kong is an important platform connecting enterprises with the global market. The Hong Kong Trade Development Council is willing to actively leverage its network and resource advantages to promote economic and trade connections between Hong Kong enterprises and markets in Egypt and other regions. He pointed out that there is further potential for cooperation in the fields of electronics, logistics, clothing, and textiles. Both sides can strengthen enterprise docking, expand partnership relationships, and promote enterprises to better explore the Middle East, Africa, and European markets. The Hong Kong Trade Development Council has dozens of offices worldwide and holds numerous international exhibitions and trade matching activities every year, providing a platform support for Egyptian enterprises to connect with Hong Kong and international capital, technology, and market channels. Keywords: the Belt and Road news network, connectivity, logistics

On site inspection of industrial parks

During the talks, the delegation conducted on-site inspections of the Suhena Industrial Zone, visited the Teda Egypt Industrial Development Zone, as well as enterprises such as Viva Turf and F-TEX International, to gain a deeper understanding of the local industrial park construction, industrial layout, and enterprise production and operation situation. Teda Egypt Industrial Development Zone is the operating entity of the China Egypt Teda Suez Economic and Trade Cooperation Zone. After years of development, it has attracted a large number of enterprises to settle in, forming industrial clusters such as new building materials, new energy, automotive supporting, and consumer goods manufacturing. The purpose of this exchange is to strengthen the connection between the Suez Canal Economic Zone and the Hong Kong business community, further explore opportunities for industrial investment cooperation, and promote deepening cooperation between the two sides in industrial development, logistics, and international market expansion. As Egypt continues to advance the construction of the Great Alexandria Port and the expansion and upgrading of the Suez Canal Economic Zone, Hong Kong companies are expected to find new investment entry points in fields such as electronic manufacturing, textiles and clothing, and cross-border logistics, leveraging Egypt's tariff preferences and location advantages to radiate to the Middle East, Africa, and European markets.Editor/Gao Xue