Suez Canal Economic Zone

SCZONE chairman witnesses foundation stone for Xin Xing factory with $146M investments

Tue, 30 Apr 2024 - 03:38 GMT

Spanning over an area of 270,000 square meters, the Xin Xing factory has an annual production capacity of 250 thousand tons

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

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.

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 inks 7 agreements with $40 bln investments in hydrogen projects

Wed, 28 Feb 2024 - 05:03 GMT

The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase

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)