Recently, Mustafa Farouk Ismail Sheikh Weng, Chairman of the Suez Canal Economic Zone Authority in Egypt, met with a delegation from the Hong Kong Trade Development Council at the headquarters of the Authority located in the new administrative capital of Egypt. Both sides exchanged views on topics such as deepening investment and industrial cooperation, and expanding new opportunities for cooperation. The delegation is led by Jacky Chung, Vice President of the Hong Kong Trade Development Council, and includes members such as Daniel Lam, Chief Representative of the Hong Kong Trade Development Council for the Middle East and Africa, and Nasif Mahfouz. Officials from the General Administration of the Suez Canal Economic Zone attended the meeting.

Chairman 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. He pointed out that 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, committed to attracting investment, promoting localized industrial development, and expanding exports.

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 potential for further 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 markets in the Middle East, Africa, and Europe.

During the meeting, the delegation conducted on-site inspections of the Suhena Industrial Zone, visited TEDA-Egypt Industrial Development Zone, Viva Turf, F-TEX International and other enterprises to gain a deeper understanding of the local industrial park construction, industrial layout and enterprise production and operation. 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.Editor/Min Jing