Suez Canal Economic Zone
In a meeting with Japanese Prime Minister Sanae Takaichi in Tokyo on Wednesday, Foreign Minister Badr Abdelatty said Egypt looks forward to the establishment of a Japanese industrial zone within the Suez Canal Economic Zone (SCZONE).
Egypt and Austria discussed stronger ties, investment, and regional de-escalation during talks in Antalya.
The project is expected to generate significant economic returns through sales and exports, while creating around 3,000 direct jobs. This aligns with the government’s efforts to boost employment, particularly for residents of Sinai and the Suez Canal cities.
Egypt and China review ties and regional tensions as Abdelatty, Wang Yi stress de-escalation and deeper economic cooperation.
The day’s inaugurations come with total investments exceeding $190 million and create around 2,700 jobs.
Egypt gears up for Eid with full service readiness as PM Madbouly pledges stronger ties with US investors and energy partners.
Egypt leads Arab countries in green hydrogen development with 38 projects, mainly in the Suez Canal Zone, targeting 18 million tons of annual output.
Four contracts to supply Chinese company Xinxing's ductile iron pipe products to national projects within Egypt and Saudi Arabia, were signed Tuesday.
This pioneering initiative will contribute to economic growth, job creation, and a thriving investment climate that will attract more Foreign Direct Investment (FDI) to Egypt
Spanning 83,000 square meters over two phases, the project is expected to generate 1,200 direct job opportunities and is scheduled to begin operations in September.
The projects, set to be developed in the Qantara West Industrial Zone, focus on textile manufacturing, printing, and dyeing, with a combined investment of $28 million.
With a total investment of $3.3 million, the project will span 9,800 square meters and focus on assembling equipment for poultry farming and production. It is expected to generate 100 direct job opportunities.
This factory marks the first industrial project in Wadi Al-Technologia and is part of a broader industrial expansion strategy in Sinai.
Spanning 110,000 square meters, the project is designed to produce 2.5 million units annually. The first phase, set to begin with an initial investment of $38 million, is part of a broader $100 million investment plan.
The zone is set to streamline shipping and logistics operations by offering essential services, including storage, customs clearance, and shipping, as well as value-added processes like labeling, sorting, packing, and inspection.
Egypt’s President Abdel Fattah El-Sisi received a phone call from Russian President, Vladimir Putin, Tuesday.
The Prime Minister opened the session by emphasizing the state’s strategic efforts in Jarjoub, noting the establishment of a port and ongoing renewable energy projects in the region.
The project, led by Chinese Elite Solar Company, will feature a production line covering 78,000 square meters, with an investment exceeding $150 million.
The second deal was secured with the Chinese company Kelida, a leading player in fabrics and home textiles with over three decades of expertise.
Six projects, with a combined investment of $271 million across 614,000 square meters, have already been signed, generating over 12,000 jobs. The remaining three projects are still under negotiation.
