男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

China, Egypt zone in Tianjin to expand

By Zhang Min and Wang Yu (China Daily) Updated: 2016-06-28 08:22

As companies are embracing opportunities made possible by China's Belt and Road Initiative, a leading Tianjin firm is not lagging behind.

The China-Egypt Suez Economic and Trade Cooperation Zone, whose construction by TEDA Investment Holding Co Ltd began in 2008, is poised to kick off its second phase of expansion, said Zhang Bingjun, chairman of the board of TEDA Holding.

Zhang was speaking on the sidelines of the Summer Davos Forum in Tianjin.

The zone is located at the south end of the Suez Canal and the west coast of the Red Sea, 120 km from Cairo. Both governments have also pointed out that the site is at the intersection of the Belt and Road Initiative's footprint and the New Suez Canal Economic Corridor. In January, President Xi Jinping and his Egyptian counterpart Abdel Fattah el-Sisi unveiled the nameplate of the second stage of the project at the zone.

"After the second-phase expansion, the zone is expected to accommodate 200 enterprises, attract $3 billion in investment, and reach $10 billion in annual revenue," Zhang said.

The construction is expected to finish in 15 years, and the zone will turn into an iconic project for the two countries' long-term economic cooperation. According to China's Ministry of Commerce, upon the zone's completion, it will provide up to 40,000 jobs for locals.

Liu Gang, a professor at Binhai Development Research Institute at Nankai University, Tianjin, said that in pursuing the "Going Global (strategy)", Chinese enterprises like TEDA can reduce production costs by the efficient use of local resources and labor forces. Although "Going Global" is a national strategy, the result of global expansion is profitable and beneficial for enterprises.

According to Zhang, an initial 1.34-square-km area has been developed, and 68 enterprises, including 90 percent Chinese-funded ones, have entered the zone. It has created more than 2,000 job opportunities for local workers, attracted about $1 billion in investments, reached $150 million in annual revenue, and paid 200 million Egyptian pounds ($22.5 million) in taxes.

One firm looking to invest in the area is the Shanxi Dayun Group, which just signed a contract to enter the zone and promised to invest $30 million and produce 500,000 motorcycles annually.

Public transportation and energy supplies to the second stage of the project are already in place.

Ni Yuchen contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 柳州市| 龙州县| 白水县| 宿松县| 开化县| 博野县| 宁河县| 拉萨市| 巴青县| 怀柔区| 肃宁县| 门头沟区| 深州市| 安吉县| 府谷县| 徐汇区| 洪雅县| 科尔| 明光市| 普陀区| 景东| 溆浦县| 昂仁县| 吉木乃县| 肥西县| 通榆县| 桑植县| 西乌| 罗山县| 盐城市| 黄冈市| 建瓯市| 山东省| 柞水县| 昭平县| 梨树县| 绥化市| 福安市| 湘乡市| 阳高县| 镇原县|