China’s Xinxing invests $150m in ductile iron pipe plant in Egypt

GDToday news report: In Egypt, the presence of Chinese brands is not to be overlooked. Companies such as GAC, Midea, OPPO, Huawei, Transsion and BYD have invested heavily in the country. China is today one of the country's fastest growing and most active investors. Why do Chinese companies invest so heavily in the African country? And how does the local population benefit from it? In this episode of China Xplained we are going to search for d

China’s Xinxing invests $150m in ductile iron pipe plant in Egypt

Deputy Minister of Housing, Utilities, and Urban Communities, Sayed Ismail, toured the Suez Canal Economic Zone (SCZONE) this week, visiting the newly established Chinese Xinxing factory for ductile iron pipe production. During his visit, Ismail inspected all stages of the manufacturing process—from the assembly of local components and smelting, to centrifugal casting,