Chinese steel producer Hebei Xinfeng Steel has announced plans to construct a $1.65 billion integrated industrial park in Ain Sokhna, Egypt. The project aims to enhance local steel production capabilities and is expected to create numerous job opportunities. This initiative reflects a growing partnership between Egypt and Chinese companies, as the region seeks to boost its industrial output and attract foreign investment. The industrial park will focus on advanced manufacturing processes and is part of broader efforts to strengthen economic ties between the two nations.