Recently, an economic and trade delegation of private entrepreneurs from Qingdao visited Egypt for an inspection, and co-organized the Qingdao-Egypt Investment Cooperation Conference in Cairo with the Egyptian Federation of Chambers of Commerce. Yu Yeshuai, general manager of Hong Kong China Building Materials Group, attended the inspection trip to Egypt.

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At the meeting, Alaa Izzi, Secretary-General of the Egyptian Chamber of Commerce, and Liu Qinglin, head of the Qingdao Private Entrepreneurs Economic and Trade Delegation and Vice President of the Municipal General Chamber of Commerce, delivered speeches respectively. Alaa Izzi introduced the Egyptian economic situation and investment environment, and Liu Qinglin introduced the Qingdao city situation and the general situation of the Municipal Federation of Industry and Commerce (General Chamber of Commerce), and made Qingdao investment promotion around 24 key industrial chains. Yu Yeshuai, general manager of Shandong Gangzhong Building Materials Co., Ltd., signed an overseas warehouse order contract with Egyptian SAYED Company, a cooperation plan for the next three years with BVA S.A.E., and an intention contract to build a factory in Egypt with the Chinese Enterprises Association in Egypt. BVA S.A.E is a century-old enterprise in Egypt's fire protection industry, and SAYED is also a leading enterprise in the local steel packaging industry. They have cooperated with our company for many years. With this signing, we will work together to develop the Chinese steel market.

During the inspection in Egypt, we also visited the Egyptian Garment Chamber of Commerce, the Cairo Chamber of Commerce, BVA S.A.E., and SAYED Company, and held discussions and exchanges. In view of the insufficient foreign exchange reserves in Egypt and the long time for issuing letters of credit that Qingdao companies currently encounter, payments are affected. etc., communicated with Egyptian companies and proposed solutions. The delegation invited relevant Egyptian chambers of commerce and enterprises to come to Qingdao to accelerate the implementation of cooperation projects.

Seizing time, looking for new opportunities, and expanding markets, the delegation visited enterprises non-stop, discussed cooperation, and promoted the investment environment. Hong Kong China Building Materials Group will also firmly seize this cooperation opportunity and promote the implementation of more high-quality projects that are in line with the group's industrial layout. Draw a "spring plowing plan" to attract investment and continue to expand the "circle of friends" for win-win cooperation!