CAIRO/HONG KONG – A high-level delegation of the General Authority of the Suez Canal Economic Zone (SCZONE) headed by Chairman Waleid Gamal El-Dien made a tour of Hong Kong where they held meetings with official entities and companies operating in the fields of maritime transport and logistics services.
In a statement released on Thursday, SCZONE said the tour comes as part of the authority’s promotional campaign which aims at updating the Chinese investment and business communities about available investment opportunities in Egypt in the various sectors of interest to the SCZONE that seeks to strengthen several strategic local industrial sectors.
The delegation’s meetings at the end of its tour included participation in a working breakfast with the Chinese (Hutcheson) Group, which signed an agreement with SCZONE to manage and operate the container terminal in Sokhna Port, with a length of 1.2 km for the first phase and the second phase with a length of 1.4 km, in the presence of Eric Ip, Managing director of Hutchison Ports, and Vincent Yuan, General Manager of Hutchison Logistics Services.
The conversation included strengthening cooperation between the two sides in logistics services that SCZONE seeks to provide in its ports in accordance with international standards.
In the same context, SCZONE’s delegation participated in a meeting with Orient Overseas Container Line (OOCL). During the meeting, the two sides discussed means of broadening cooperation in the field of providing integrated logistics services at the ports of SCZONE. The OOCL shipping line is one of the poles of the Ocean Alliance, which includes COSCO, Evergreen, and CMA.
The delegation of SCZONE also held a meeting with the Chinese General Chamber of Commerce (CGCC) in the presence of Jonathan Choi, Chairman of the Chamber, which is one of the largest and oldest chambers of commerce in Hong Kong and includes about 6,000 companies and various commercial and industrial establishments.
The delegation also met with officials of (the holding company of CCB International (Holdings) Limited which is owned by CCB Bank, which included Stanley Shih, managing director of the company, Kenneth Lau, Executive Director, and Jason Liu, vice president of the company.
The company operates in the field of comprehensive investment and financial services.
Also, the delegation met with representatives of the CIC International (Hong Kong) branch of the Chinese Investment Corporation, in the presence of Lu Jinuo, president executive of the Corporation, and Charlie Yang, head of equity investment. CIC is the Chinese sovereign wealth fund, which aims to invest abroad in assets and stocks. SCZONE seeks to benefit from partnership services with these institutions in providing financial services to its investors, as it aims with its strategic vision to create an integrated community for investments on a large scale.
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