Walid Gamal El Din
The factory, covering an expansive area of 26,000 square meters, is expected to create approximately 300 job opportunities
During the tour, the chairman engaged in 12 meetings with various companies and conducted on-site visits to prominent factories and businesses in four cities: Hangzhou, Suzhou, Hefei, and Beijing
Through this expansion, an area of 21,000 square meters will be added to Hengtong’s factory in the Sokhna Industrial Zone.
The agreements outlined plans for new expansions and the establishment of an additional 3 km2 industrial zone within the Sokhna Industrial Zone
Walid Gamal El-Din visited Shanghai, where he signed agreements with Chinese investors and businessmen, primarily focusing on the localization of various industries within the SCZONE's ports and regions
The factory stands as the region's first specialized facility for the manufacturing of wearable mobile phone accessories.
The Chinese company expects to annually produce 1.5 million washing machines at the factory, for export to the Middle East, Africa, the EU, and the US.
SCZone currently holds a 39 percent stake in PSCCHC.
Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El Dien announced the signing of $487 million agreements and contracts between a number of Chinese companies and the industrial developer TEDA-Egypt for establishing new projects in the industrial zone of Al Ain Al Sokhna.