The Suez Canal Economic Zone (SCZONE) and the Chinese Government have signed an agreement to establish a vocational training centre spread over an area of 40,000 square metres (sqm).

The centre will be funded by a 128 million Chinese yuan ($18 million) grant, SCZONE said in a statement posted on its ‘X’ account.

Under the agreement, preliminary designs and construction drawings will be finalized in preparation for the start of construction, the statement said.

(1 US Dollar = 7.20 Chinese Yuan)

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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