The Suez Canal Bank signed a cooperation protocol with the Chinese company "TEDA" to support investment capabilities in the Suez Canal Economic Zone

The Suez Canal Bank signed a cooperation protocol with the Chinese company TEDA, the industrial developer of the economic zone in Ain Sokhna to support the investment capabilities in the Suez Canal Economic Zone and open new horizons for cooperation aspects for existing and new investors in the economic zone of the Canal.

The protocol signed by Hussein Refaie, Chairman and Managing Director of the Suez Canal Bank, and Leo Emien, Chairman of the Board of Directors of TEDA Holding Group.

This protocol is an extension of cooperation and success among the two parties and a consolidation of that historical relationship. In conjunction with the near success of Chinese company TEDA’s in attracting new Chinese investments to the region in the range of 5 billion US dollars during the coming period.

Hussein Refaie emphasized the cooperation between TEDA and Suez Canal Bank, pointing out the bank attaches great importance to the economic zone of the canal, and contributes to overcome the obstacles related to Chinese companies operating in the region.