China's travel products company to build factory in Egypt's economic zone


CAIRO, Dec. 28 (Xinhua) -- Chinese company Henneway, a travel products manufacturer, signed on Thursday with Egypt's Suez Canal Economic Zone (SCZone) a deal worth 50 million U.S. dollars to build a factory in the zone.

Henneway's new factory will be established on an area of 120,000 square meters at the West Qantara Industrial Zone and is expected to provide 2,000 job opportunities to Egyptians, Waleid Gamal El-Dein, chairman of the SCZone General Authority, was quoted as saying in a statement issued by the SCZone.

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