China's COSCO Shipping to build logistics park in Egypt

Executive General Manager of China-Africa TEDA Wei Jianqing gives a lecture on the development of TEDA Cooperation Zone 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 Suez Canal Economic Zone (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)