Walid Gamal El-Din, chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a landmark agreement with Alpha Smart to establish a fully integrated complex of ready-made factories in the Sokhna Industrial Zone. The project covers 500,000 square meters with $100 million in direct investments and is expected to create 5,000 direct jobs.
Mostafa Sheikhoune, SCZONE deputy chairman for investment and promotion, and Khaled Rashid Said Rashid El-Hana’y, chairperson of Alpha Smart’s board, signed the contract.
The project spans 500,000 square meters in two phases of 250,000 square meters each, with direct investments of about $100 million (EGP 5 billion). It is projected to attract over $150 million in additional industrial investments, creating around 5,000 direct jobs and more than 7,000 indirect ones.
The complex will include fully equipped factory units ready for operation within 90 days, backed by an integrated logistics zone with warehouses and a global distribution center. It will also feature a business hotel, international restaurants, a business club, sports facilities, and a digital administrative hub with co-working spaces.
Gamal El-Din highlighted the success of the ready-made factory model in Sokhna, which has spurred expansions and new investments, positioning the zone as a leading industrial and logistics hub. The project targets sectors such as engineering, light electronics, food and agro-processing, packaging, light chemicals, automotive components, household appliances, and e-commerce logistics. Completion is set over six years, with the first phase delivering infrastructure, 25 MW utilities, and half the industrial units by year two.