TDD Went to Cairo, Egypt for Visiting and Exchange

Recently, Sun Shaohui, Assistant to the President of TDD, and his delegation went to Cairo, Egypt for visiting and exchange, and were cordially received by Ahmed Zuhair, Director of the Central Department of Foreign Promotion of the General Directorate of Investment and Free Zones of Egypt, and Ding Zhaolei of the China desk of HSBC Bank in Egypt. The two sides conducted in-depth exchanges on topics such as China-Egypt cross-border industrial cooperation, the export of new energy vehicles and construction machinery, and digital supply chain services, and reached a consensus on further deepening economic and trade cooperation under the framework of the "Belt and Road".

As the third largest economy in Africa, Egypt is located at the intersection of Asia, Africa and Europe, and the Suez Canal's status as a global shipping hub makes it an important node for international trade. As the capital and largest city of Egypt, Cairo is not only a political, economic and cultural center, but also an important automobile manufacturing and trade hub in the Middle East and Africa. In recent years, the Egyptian government has actively promoted the industrialization process, and the automotive industry has become a key development area, with strong demand for local assembly and imports, especially in the field of new energy vehicles.

Ahmed Zuhair highly appreciated TDD's industrial digital operation model, cross-border trading platform practice results and global supply chain layout. He said that with its stable business environment, superior geographical location and mature free trade policy, Egypt is becoming an ideal springboard for Chinese enterprises to expand into the Middle East, Africa and European markets. In recent years, China-Egypt economic and trade cooperation has continued to deepen, and China has maintained its position as Egypt's largest trading partner for many years, and the two sides have great potential for cooperation in the fields of automobiles, photovoltaics, and building materials. It is hoped that TDD can further give full play to the advantages of the industrial Internet platform to promote China's new energy vehicles, construction machinery and other high-quality products to enter the Egyptian market, and at the same time take advantage of Egypt's location and free trade policies to jointly explore cross-border supply chain cooperation for Africa and Europe.

Sun Shaohui introduced the situation of TDD in detail, he said: The Egyptian market has great potential, and TDD will rely on its digital trading platform, overseas warehouse network and financial supporting services to help Chinese automobile and construction machinery enterprises efficiently connect with Egypt and surrounding markets, and at the same time explore localized cooperation models, such as jointly building cross-border cloud warehouses and joint exhibition centers, to help the coordinated development of China and Egypt industries.

During the inspection, Sun Shaohui and his entourage also visited local automobile and construction machinery dealers in Egypt. A number of dealers said that China's new energy vehicles, electric construction machinery and other products with high cost performance, advanced technology and perfect after-sales system, the competitiveness of the that in the Egyptian market has been significantly improved, and the demand continues to grow. They hope to establish a long-term cooperation with TDD, directly connect with high-quality Chinese suppliers through its cross-border trading platform, optimize the procurement process, and improve logistics and warehousing efficiency with the help of TDD's digital supply chain services, and jointly explore the Egyptian and North African markets.