{"id":33126,"date":"2023-03-23T17:38:55","date_gmt":"2023-03-23T14:38:55","guid":{"rendered":"https:\/\/www.al-sindbad.net\/chinas-xinxing-to-invest-2-billion-in-suez-canal-economic-zone\/33126\/"},"modified":"2023-03-23T17:38:55","modified_gmt":"2023-03-23T14:38:55","slug":"chinas-xinxing-to-invest-2-billion-in-suez-canal-economic-zone","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/chinas-xinxing-to-invest-2-billion-in-suez-canal-economic-zone\/33126\/","title":{"rendered":"China&#8217;s Xinxing to Invest $2 Billion in Suez Canal Economic Zone"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"meta\">\n<meta itemprop=\"datePublished\" content=\"2023-03-23T09:28:54.0000000\"\/><br \/>\n<span class=\"date\">March 23, 2023<\/span><br \/>\n<meta itemprop=\"dateModified\" content=\"2023-03-23T09:28:54.0000000\"\/>\n<\/p>\n<div class=\"images-wrapper single\">\n<div class=\"images\">\n<div class=\"image active\">\n<\/p>\n<p>\n\u00a9 bleung \/ Adobe Stock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div property=\"articleBody\">\n<p>Chinese company Xinxing Ductile Iron Pipes intends to invest $2 billion in iron and steel plants in the Suez Canal Economic Zone, Egypt&#8217;s cabinet said on Thursday.<\/p>\n<p>The plants are planned in an industrial zone at the Egyptian Red Sea port of Ain Sokhna developed by China&#8217;s Tianjin, and will manufacture iron pipes and steel products including for export, the statement said.<\/p>\n<p>The announcement comes as Egypt tries to drum up foreign investment amid a shortage of foreign currency and acute economic pressure.<\/p>\n<p>Earlier this month, Hong Kong&#8217;s CK Hutchison Holding and China&#8217;s Cosco Shipping Ports announced investments in terminals at the ports of Ain Sokhna and Alexandria, and the Egyptian cabinet said China Energy was looking to invest in a large green hydrogen project in Egypt.<\/p>\n<p>Investments by Abu Dhabi Ports in the Suez Canal Economic Zone and the Red Sea port of Safaga have also been announced this month.<\/p>\n<p><em>(Reuters &#8211; Reporting by Momen Saeed Atallah; Writing by Adam Makary and Aidan Lewis; Editing by Mark Potter and Mark Heinrich)<\/em><\/p>\n<\/div>\n<\/div>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 23, 2023 \u00a9 bleung \/ Adobe Stock Chinese company Xinxing Ductile Iron Pipes intends to invest $2 billion in iron and steel plants in the Suez Canal Economic Zone, Egypt&#8217;s cabinet said on Thursday. The plants are planned in an industrial zone at the Egyptian Red Sea port of Ain Sokhna developed by China&#8217;s &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-33126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=33126"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/33127"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=33126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=33126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=33126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}