BEIJING, Nov.16 (Xinhua)-- The General Authority for Suez Canal Economic Zone, COSCO Shipping Lines (Europe) GmbH and China-Africa TEDA Investment Co., Ltd. jointly signed a memorandum of understanding (MoU) on cooperation in investment.
Under the MoU, COSCO will build a 130,000-square-meter international bonded logistics park in China-Egypt TEDA Suez Economic and Trade Cooperation Zone.
By building an international logistics park providing a complete range of services, COSCO aims to promote China-Egypt industrial capacity cooperation and radiate its effects to North Africa and Europe. (Edited by Ma Xin, maxin11@xinhua.org)