Suez Canal Economic Zone

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

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

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.

DP World-Sokhna Logistics Park Project lays its foundation stone in SCZONE

Tue, 28 Nov 2023 - 04:12 GMT

With an estimated investment cost of $80 million, the project is set to generate 600 direct job opportunities

Egypt targets $3.9B foreign investments from SCZONE

Thu, 23 Nov 2023 - 01:58 GMT

This goal comes after SCZONE garnered investments worth $1.3 billion in the first four months of the current fiscal year.

Volkswagen, Egypt partner to establish a $240M complex in East Port Said’s Automotive Zone

Mon, 13 Nov 2023 - 04:46 GMT

The EPAZ project is set to attract investments totaling approximately $240 million and create over 6,000 direct and indirect job opportunities

Xingxing to build two $1.08B factories in the SCZONE

Wed, 25 Oct 2023 - 04:37 GMT

Xinxing Cathay International Group to invest $1.08 billion in two factories in the Suez Canal Economic Zone (SCZone), Xinxing head Jia Shirui said during a meeting

SCZONE, Hengtong sign $18M optical cables investment agreement

Wed, 18 Oct 2023 - 05:25 GMT

Through this expansion, an area of 21,000 square meters will be added to Hengtong’s factory in the Sokhna Industrial Zone.

Egypt sign $755M tripartite framework agreements within SCZONE

Tue, 17 Oct 2023 - 01:28 GMT

The agreements outlined plans for new expansions and the establishment of an additional 3 km2 industrial zone within the Sokhna Industrial Zone

Egypt, China sign agreements to produce Green Fuel at Suez Canal Economic Zone

Tue, 17 Oct 2023 - 10:29 GMT

A memorandum of understanding between the Suez Canal Economic Zone and the Chinese United Energy Company was signed Tuesday to produce potassium chloride and a framework agreement for the production of green fuel.

SCZONE receives $100M in investments for new textile projects in West Qantara

Mon, 16 Oct 2023 - 11:35 GMT

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

SCZONE launches Infinix production line in Egypt’s first wearable mobile accessories factory

Tue, 03 Oct 2023 - 02:04 GMT

The factory stands as the region's first specialized facility for the manufacturing of wearable mobile phone accessories.

Ocior Energy signed contract to launch $4B green hydrogen station in Egypt

Thu, 10 Aug 2023 - 11:02 GMT

Ocior Energy will invest around $4 billion to build the project, local media reported.

Midea Group inaugurates its $25M factory in SCZone

Wed, 09 Aug 2023 - 09:49 GMT

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 reveals significant growth in vessels and goods passing through southern ports

Sun, 16 Jul 2023 - 01:16 GMT

Egypt’s Ain Sokhna and Al Adabiya ports recorded significant activity during the final quarter of FY2022/2023, revealed new data by the Suez Canal Economic Zone (SCZone)

Port Said Container and Cargo Handling is offering 20% stake on the EGX

Thu, 08 Jun 2023 - 02:41 GMT

SCZone currently holds a 39 percent stake in PSCCHC.

Egypt’s SCZone, Chinese companies sign $487 million deals in energy, textiles, petrochemicals, bromine in Ain Sokhna

Fri, 26 May 2023 - 04:45 GMT

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.

SCZone, China Energy transform green hydrogen MOU to collaboration framework

Tue, 23 May 2023 - 04:51 GMT

The change is in line with the zone’s strategic efforts to encourage green hydrogen projects and foster partnerships in the renewable energy sector

SCZone committed to fostering co-op with Chinese investors, says SCZone chairman

Tue, 23 May 2023 - 03:02 GMT

He also expressed SCZone's commitment to fostering cooperation with Chinese investors. The forum aims to be a platform for dialogue and collaboration between the two countries

Suez Canal Economic Zone collaborates with global operators to boost ports' competitiveness.

Fri, 12 May 2023 - 03:26 GMT

The authority places a great premium on expanding its ports in order to increase their competitiveness with neighboring peers.