Good Company

Good Company
Good Company

Monday, December 04, 2023

China in the Suez Canal

Google Earth image of Suez Canal

Interesting report from Middle East Institute _"China’s growing maritime presence in Egypt's ports and the Suez Canal"
In recent years, China's presence in Egypt's strategic ports has grown noticeably. This includes the involvement of both private and state-owned Chinese companies in the partial acquisition, development, and operation of Egyptian seaports and terminals, with concessions of up to 38 years. In addition to a Chinese state-owned company holding stakes in two ports at the northern and southern entrances of the Suez Canal, a private Chinese firm also operates two strategic ports on Egypt’s Mediterranean coast and is developing and will eventually operate a third at Abu Qir Naval Base. This coincides with significant Chinese investments in the Suez Canal Economic Zone, a 455-sq-km special economic zone located along a maritime corridor of vital importance to global trade. While China's role in Egyptian ports reflects Beijing’s growing ambitions in the region, the opacity of the Sino-Egyptian agreements and the blurry lines between China's commercial ports and its military aspirations raise questions about the potential implications.

Read the whole thing. China is picking up its "presence" in a lot of key chokepoints of world trade.

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