China's COSCO Shipping to build logistics park in Egypt

President of COSCO shipping (Europe) GmbH Lin Ji (2nd R) and head of the Suez Canal Economic Zone (SCZone) Mohab Mamish (2nd L) sign an agreement on the sidelines of the World Youth Forum held in Sharm el-Sheikh City, Egypt, Nov. 7, 2017. China's TEDA corporation, COSCO shipping company and SCZone on Tuesday signed an agreement to build a logistics park at TEDA Cooperation Zone in Egypt's Red Sea City of Ain Sokhna, east of the capital Cairo. (Xinhua/Meng Tao)