The location of the Suez Canal Economic Zone plays an effective role at the heart of the Chinese Belt and Road Initiative, ensuring a permanent strategic partnership between the two sides, to enhance the concept of the role of economic corridors and ports in development for the benefit of all parties. This brings us to a fundamental point, which is the importance of integration between ports and industrial areas, such as the Suez Canal, as the most prominent model for this, as a model of cooperation that is the most distinguished in the entire world within the framework of the relationship between the Suez Canal corridor and the Chinese Belt and Road Initiative, in order to advance the development wheel for all its parties, and open endless horizons in front of various investments. We find that the Suez Canal is a major gateway for Chinese products to enter African, European, Arab, and American markets, due to its strategic location on the Red Bahrain and the Mediterranean, passing through the Suez Canal. Therefore, it serves the Chinese Belt and Road Initiative, and this will be greatly reflected after the completion of development work in the Port of Sokhna in Suez, which will become one of the pivotal ports in the Red Sea and a fulcrum for serving international trade within the Chinese Belt and Road Initiative.
The Suez Canal is considered the main station and the main sea corridor for the sea route of the Belt and Road Initiative, which focuses on linking the continents of Asia, Africa, Europe and the Middle East, in addition to the land link between China and Europe, given that the sea road of the Chinese Belt and Road Initiative extends from the (South China to the Strait of Mule, the Indian Ocean, the Horn of Africa, the Strait of Bab al-Mandab, all the way to the Suez Canal).
For this reason, the State of China, in light of the globalization system and the new global economic order that it is trying to strengthen to serve the interests of mainly African and developing countries, seeks to launch many global initiatives, the most important of which is the “Belt and Road Initiative”, which allows it to cooperate with its strategic partners within the framework of that. The initiative, led by Egypt, and within this framework, China officially signed a document of cooperation with the Suez Canal Economic Zone, and participation in the establishment of many industries and infrastructure projects cooperation between China and Egypt through the Egyptian Suez Canal corridor within the framework of the Chinese Belt and Road Initiative does not only aim for the material part related to investments and projects, but also aims to build human values, which the initiative aims to build a better world that shares those values and seeks to build international relations based on peace. Achieving comprehensive development for all sectors, as well as working to bring peace instead of violence. As the world seeks to achieve comprehensive development, it either takes place within a framework of cooperation or pursues an aggressive policy that does not build but rather destroys entire civilizations.
The Egyptian Suez Canal plays a major role in increasing cooperation in the areas of trade exchange, localization of industry, and the transfer of Chinese technology and energy to Egypt. As the main goal of the Chinese Belt and Road Initiative is to support the economy and intra-state trade between countries, facilitate trade, and extend communications lines, stressing that the initiative includes extending cable, communications, Internet, and maritime digitization lines, explaining that Egypt is one of the countries in the world through which most submarine cables, digitization, and digital pass. Egypt represents a very important number and has its weight in the initiative, taking into account the Suez Canal, and the importance of the geographical location, as it connects the east to the west and the north to the south, in addition to the Suez Canal axis, as it represents an added value to the Suez Canal as well as the initiative, which relies heavily on the Suez Canal, in addition to Establishment of the Chinese industrial zone and the Russian economic zone in the Suez Canal. The Chinese Belt and Road Initiative relies primarily on the concept of economic corridors for development, given that the Suez Canal is the most important and prominent international shipping corridor that directly links the three continents to which the initiative countries belong the economic zone surrounding the Suez Canal has been planned according to a future vision that takes into account Taking into account the various dimensions of the expected future development in maritime transport traffic and rates of international trade.
Here, Egypt and China can cooperate on the Chinese Belt and Road Initiative in many ways. The Belt and Road Initiative differs from other economic blocs in that it is the first of its kind to link trade with development. Egypt is also an important partner in building the Belt and Road. The Chinese side is keen to enhance the alignment between the Belt and Road Initiative and Egypt’s Vision 2030. China supports the Egyptian side in advancing the pace of industrialization, enhancing scientific and technological capacity, and raising the level of development, in addition to deepening cooperation in the field of security and law enforcement between the two countries, in a way that maintains the common security to them. The Chinese side is also keen to enhance coordination and cooperation with the Egyptian side in international affairs to work together to support and implement multilateralism, reject the tendency of unilateralism and bullying, and ensure the correct direction of global governance reforms. The Egyptian side plays an effective role within the framework of the China-Arab Cooperation Forum and the China-Africa Cooperation Forum.
The list of Chinese companies investing in Egypt includes Sino Tharwa Drilling, Shamal International Petroleum, TEDA Investment, Jushi Egypt for Fiberglass Manufacturing, Huawei Technology, and Conco Technology. In addition to a large number of projects implemented by some Chinese companies under the direct contracting system, among the most prominent Chinese projects being implemented are: the Financial and Business District project in the New Administrative Capital, The TEDA-Suez zone for Chinese-Egyptian economic cooperation and the electric train project in 10th of Ramadan City. In addition to financing (Exim Bank of China) the implementation of a railway project to connect Cairo to the New Administrative Capital at a cost of more than one and a half billion dollars.
Therefore, China seeks to expand its investments in the Suez Canal region, especially as an important axis of development. The region also represents an important link and plays a prominent role in the Chinese Belt and Road Initiative, especially in light of the implementation of the ambitious development plan aimed at establishing development projects in the Suez Canal axis, including logistical services in a way that represents a good opportunity for cooperation between the two sides in many fields, especially technology and infrastructure in approximately 6 ports and two integrated regions, in addition to the role of the Suez Canal axis in enhancing Chinese-Egyptian economic cooperation, and making Egypt a starting point for the Arab and African markets, by virtue of Egypt’s membership in the Greater Arab Free Trade Agreement and the COMESA Economic Community of Eastern and Southern African Countries.
The Suez Canal axis has special importance within the Chinese Belt and Road Initiative, especially in light of the services provided by the Suez Canal Economic Zone, to support global trade movement through its ports, most notably ship bunkering services with green fuel, in addition to the role of Chinese companies in the region’s ports and the Suez Canal, such as: (Hutchison, COSCO and CMA Alliance), which is responsible for managing and operating one of the berths in the port of Ain Sokhna in the Suez Canal axis, with investments estimated at more than 600 million dollars, within the framework of the effective role that the Suez Canal plays in attracting Chinese investments in the sectors of financial services, logistics, and ports. Therefore, cooperation between many Chinese provinces and cities and the Suez Canal Economic Zone has been strengthened in this context. The Chinese company TEDA aims to promote its industrial zone in Ain Sokhna, in addition to investment opportunities in the Suez Canal Economic Zone to various Chinese companies, and to enhance cooperation with the Suez Canal Economic Zone in Egypt as an economic ally of great importance to Chinese investments.
In order to strengthen Chinese-Egyptian cooperation within the framework of the Chinese Belt and Road Initiative, China seeks to expand the base of cooperation with Egypt, so that it will be a starting point for Chinese-African cooperation, and Chinese participation in enhancing the economic development and political stability of the countries of the continent, especially in light of the material globalization system and the inability of the peoples. Which is still at the beginning of the development process of keeping pace with the global movement and the rapid transition towards globalization, and therefore the Chinese Belt and Road Initiative targets developing countries in order to work to enhance their economic cooperation and raise the standard of living for the peoples of those regions.
Accordingly, we find that all the elements of success are available for the Chinese Belt and Road Initiative, as it started from a comprehensive development concept that addresses emerging and emerging economies, and aims to enhance cooperation with many international financial institutions, as well as economic blocs and organizations, such as: (ASEAN, BRICS, the European Union, the World Trade Organization), and others.