Madbouly: The "Xinxing " project contributes to reducing the import bill and supports localizing industry and exporting abroad. Gamal El Din: The Suez Canal Economic Zone is the ideal solution for global investment in light of current challenges. On the sidelines of the inauguration of Xinxing Company's ductile iron pipes factory in the TEDA industrial zone in Al Ain Al Sokhna, Dr. Mostafa Madbouly - the Prime Minister, witnessed the signing of 4 commercial agreements to supply Xinxing's ductile iron pipes to national projects inside Egypt, as well as regional projects abroad. The signing took place during his tour today of the integrated Al Ain Al Sokhna area of the Suez Canal Economic Zone, in the presence of Lieutenant General Eng. Kamel El Wazir - Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Eng. Sherif El Sherbiny- Minister of Housing, Utilities and Urban Communities, Major Gen. Tarek Hamed El Shazly – Suez Governor, Mr. Walid Gamal El Din - Chairman of the General Authority of the Suez Canal Economic Zone, representatives of the Chinese Embassy in Cairo, and Xinxing Company officials in China and Egypt. Mr. Ye Maolin - CEO of Xinxing Egypt, signed the 4 agreements on behalf of Xinxing. The 1st agreement was signed by Eng. Mohamed Elwi - Board Member of the Arab Contractors Company, to supply 1,056 tons of ductile pipes for a water station project in the New Administrative Capital. The 2nd agreement was signed by Mr. Hesham Madkour - Vice Chairman of Madkour Company, and includes the supply of 27,769 tons of pipes for the Ministry of Housing’s “Janna” project. The 3rd agreement was signed by Eng. Ahmed Moustafa - Chairman of Hassan Allam Trading and Engineering Company, and includes the supply of 19,621 tons of ductile pipes for a project in Aswan. The 4th project was signed by Eng. Ahmed Elabd - Chairman of Concord Engineering and Construction Company. The agreement includes the supply of 29,162 tons for the 3rd Ring Road Project in Makkah Al Mukarramah, Kingdom of Saudi Arabia. The total cost of these 4 agreements amounts to the equivalent of EGP 34.5 billion, divided into EGP 32.5 billion for national projects within Egypt and $39 million allocated for export. The total production volume of ductile pipes of various diameters and specifications exceeds 77,600 tons. These agreements reflect the project's readiness for actual production and meeting the needs of the local and global markets. Prime Minister Dr. Mostafa Madbouly commended the exerted efforts by the Suez Canal Economic Zone to make this promising project a success, noting that the project's production effectively contributes to serving national projects. Previously, these pipes, which are used in various fields, were imported using hard currency. In addition to these, the project has localized this important industry in Egypt and boosted Egyptian exports abroad. Dr. Mostafa Madbouly emphasized the importance of partnership with the private sector as a major contributor to achieving the desired development. Mr. Walid Gamal El Din emphasized the importance of the project to the Egyptian state, given its direct impact on achieving sustainable development and the addition of a new chapter for products exported from factories and projects located in the economic zone, especially in light of the growing global demand for various products. He expressed his pride in the authority's role as a link connecting manufacturing zones to target markets, offering the optimal solution for global investment in light of current global challenges that require greater openness to global economic partnerships.