SCZone inks contracts for 144 projects, with $3.2B investments

Mon, 20 May 2024 - 10:02 GMT

El-Din further highlighted that the projects will create over 25,000 direct and indirect job opportunities upon completion of their establishment and operation.

SCZONE, HiTech Apparel ink $20M deal for sportswear factory in Egypt

Thu, 02 May 2024 - 11:11 GMT

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

SCZONE Chairman emphasizes focus on green energy for integrated industrial complexes

Tue, 30 Apr 2024 - 10:43 GMT

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

CSCEC factory opens in SCZone, boosting steel manufacturing with ¥ 87.4M

Sun, 28 Apr 2024 - 09:11 GMT

A key aspect of this project is its potential for job creation, with plans to employ 200 individuals.

Chinese investments account for 40% of total investments in SCZone since January 2024

Wed, 17 Apr 2024 - 06:00 GMT

During a meeting with the trade delegation from China's Zhejiang Province, SCZone Chairman Walid Gamal El-Din revealed these figures.

SCZone's revenues surge by 54% during FY23/24 until end of February 2024

Sun, 31 Mar 2024 - 12:45 GMT

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.

Egypt inks agreement to establish LE 1.6B silo factory in East Port Said

Wed, 27 Mar 2024 - 05:28 GMT

The factory will be responsible for designing, manufacturing, and installing grain storage silos, as well as their components and accessories.

Framework agreement to establish flat glass factory in Sczone signed

Wed, 27 Mar 2024 - 12:01 GMT

The project will be implemented in partnership with French firms that will inject over €160 million.

Egypt's SCzone signs leasing contract with XINXING Ductile Iron Pipes Co.

Wed, 27 Mar 2024 - 11:26 GMT

The company will invest $146 million.

SCZone contracts hits 127 with investments of $2.8B

Mon, 25 Mar 2024 - 09:28 GMT

Among these, 13 projects received final approval, while 24 projects received initial approval.

Saint-Gobain to establish €175M glass factory in SCZONE

Thu, 21 Mar 2024 - 12:05 GMT

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.

SCZone, GTEZ sign coordination protocol across various sectors

Mon, 11 Mar 2024 - 12:20 GMT

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.

China explores plans for new industrial zone on the Mediterranean

Thu, 29 Feb 2024 - 08:29 GMT

One of the key points of discussion was the possibility of conducting trade transactions using the local currencies of both countries

Egypt, EU to cooperate across green hydrogen field

Mon, 19 Feb 2024 - 02:20 GMT

During the meeting, El Menshawy explained that the Egyptian government has made great strides in the field of green hydrogen, whether in terms of creating the appropriate environment for investments or entering into partnerships with major international companies

SCZONE's revenues increase to LE 4.3B in H1 2023-24

Wed, 07 Feb 2024 - 04:50 GMT

This represents an increase of approximately 70 percent compared to the same period in 2022, where the revenue was LE 2.6 billion

SCZONE inks $234M deals for five industrial projects

Wed, 24 Jan 2024 - 04:16 GMT

The total investment amount will be divided into LE 1.2 billion and $195 million

Chinese Vanward to invest $12M in new factory for household appliances in SCZONE

Thu, 18 Jan 2024 - 06:05 GMT

The factory, covering an expansive area of 26,000 square meters, is expected to create approximately 300 job opportunities

Localizing industry is a state priority: PM Madbouly

Thu, 11 Jan 2024 - 05:23 GMT

In a televised statement concluding his tour of the SCZone in Ain Sokhna, Madbouly highlighted its transformation into a trade hub with a focus on local industry

SCZone obtained $1.7B worth of industrial investments since Jan 2023, deputy chairman

Tue, 12 Dec 2023 - 03:02 GMT

This reflects the zone’s dedication to promoting stronger cooperation with China, which includes the TEDA Cooperation Zone, Abdel-Khalek noted

SCZONE to establish green energy industrial complex

Tue, 05 Dec 2023 - 01:32 GMT

Prior to the framework agreement, exhaustive technical and financial feasibility studies will be conducted to ensure the viability and success of the complex.