CAIRO - 15 April 2026: Egypt’s Suez Canal Economic Zone (SCZone) has attracted $20 million in new investments for industrial and technology projects in Ain Sokhna, underscoring its push to localise manufacturing and boost export-oriented industries.
The authority signed a $2 million agreement with SAI Hydraulic, a Turkish-Egyptian joint venture, to establish a facility for manufacturing equipment and trailers.
The project will be located within the industrial developer zone operated by Main Development Company, covering 12,000 square metres and expected to create around 150 direct jobs.
The facility is designed to produce up to 100,000 tonnes annually, with operations set to begin early next year.
SCZone Chairman Waleid Gamal El-Dien said the project supports the zone’s strategy to attract specialized manufacturing and deepen domestic production of machinery used in infrastructure and industrial sectors.
He added that ongoing reforms, including digitalised investor services, are aimed at improving the ease of doing business.
In parallel, SCZone signed agreements with Sakr Electronics and Energy to develop three additional projects with combined investments of $18 million.
The projects will form a technology-focused industrial complex spanning 22,000 square metres, dedicated to engineering and medical laboratory technologies, as well as components supporting the renewable energy sector.
The development will also include an advanced industrial research facility to facilitate technology transfer and local capability building.
The three projects are expected to generate around 500 direct jobs, with operations scheduled to begin in early 2027, and are targeting annual exports of approximately $20 million.
SCZone has been actively positioning Ain Sokhna as a regional hub for advanced manufacturing, leveraging its strategic location and integrated infrastructure to attract higher value-added investments.
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