SCZone
According to an official statement, SCZone's ports handled a total trading volume of 36 million tons during FY2023/2024
It is expected to achieve annual sales of $300 million, contributing to industry growth.
The Green Marine chemical project consists of three phases. In the first phase, which covers an area of 300,000 square meters, the project is expected to generate an annual revenue of $230 million.
The company has founded a complex consisting of four factories worth $12 million.
Ambassador to Sucre Hatem al-Nashar invited earlier this week Bolivian Vice-President David Choquehuanca to visit Egypt.
The center – lying in the SCzone - will be built by a grant.
Both delegations conferred over ways of increasing the size of bilateral trade exchange that currently stands at $2.8 billion per annum.
The $40 million investment project is part of SCZONE's plan to transform the Qantara zone into a regional hub for the clothing and ready-made garments industry
El-Din further highlighted that the projects will create over 25,000 direct and indirect job opportunities upon completion of their establishment and operation.
This deal marks HiTech Apparel's first venture in both the Middle East and Africa and is poised to create approximately 1,500 employment opportunities within the region
During the meeting, El-Din emphasized the significance of the economic zone as a national project aimed at supporting sustainable practices, contributing to Egypt's gross domestic product, generating employment opportunities, and establishing integrated industrial complexes with effective environmental systems
A key aspect of this project is its potential for job creation, with plans to employ 200 individuals.
During a meeting with the trade delegation from China's Zhejiang Province, SCZone Chairman Walid Gamal El-Din revealed these figures.
During a meeting of the authority's Board of Directors to discuss the financial and promotional positions for FY2023/2024 until the end of February 24, the chairman of SCZone, Walid Gamal El Din, made this announcement.
The factory will be responsible for designing, manufacturing, and installing grain storage silos, as well as their components and accessories.
The project will be implemented in partnership with French firms that will inject over €160 million.
The company will invest $146 million.
Among these, 13 projects received final approval, while 24 projects received initial approval.
The factory sets its sights on exporting 60 percent of its production, aligning with Egypt's ambitious target of achieving $100 billion in exports, as highlighted by SCZONE Chairman, Walid Gamal El-Din.
The partnership seeks to enhance joint coordination between the two entities across multiple sectors, including industry, agriculture, mining, tourism, and services within their respective economic zones.
