Suez Canal Economic Zone
This represents an increase of approximately 70 percent compared to the same period in 2022, where the revenue was LE 2.6 billion
The factory, covering an expansive area of 26,000 square meters, is expected to create approximately 300 job opportunities
Prior to the framework agreement, exhaustive technical and financial feasibility studies will be conducted to ensure the viability and success of the complex.
With an estimated investment cost of $80 million, the project is set to generate 600 direct job opportunities
This goal comes after SCZONE garnered investments worth $1.3 billion in the first four months of the current fiscal year.
The EPAZ project is set to attract investments totaling approximately $240 million and create over 6,000 direct and indirect job opportunities
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
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
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.
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.
Ocior Energy will invest around $4 billion to build the project, local media reported.
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.
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)
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.
The change is in line with the zone’s strategic efforts to encourage green hydrogen projects and foster partnerships in the renewable energy sector
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
The authority places a great premium on expanding its ports in order to increase their competitiveness with neighboring peers.