Suez Canal authority signs coop protocol with China’s Qingdao
A cargo ship is seen crossing through the New Suez Canal, Ismailia, Egypt, July 25, 2015. The first cargo ships passed through Egypt's New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old SuezCanal. Mohab Mameesh, chairman of the Suez Canal Authority overseer of the project, told state television that this test-run had been a success and that more would follow. REUTERS/Stringer
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CAIRO: The Suez Canal Special Economic Zone (SCZone) signed a cooperation protocol between Egypt’s Port Said Harbor and Chinese Qingdao Port Thursday, state news agency MENA reported.

Signed by Deputy Head of SCZone Abdel Qader Darwish and Qingdao Port Group chairman, Zheng Minghua, the protocol aims at boosting cooperation in port operation and planning, exchanging expertise and creating a mechanism for sharing technology information.

The signing came almost a year after the Egyptian Businessmen Association (EBA) in June 2015 has officially joined China’s Silk Road Economic Belt trade union, which includes over 90 international foreign associations.

The protocol comes on the sidelines of a comprehensive strategic partnership agreement signed between Egyptian President Abdel Fatah al Sisi and his Chinese counterpart during the former’s visit to China last year.

In Nov. Sisi issued a presidential decree announcing the SCZone an independent economic zone of a special nature.

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