Suez Canal
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.
Reported by AI
The Suez Canal Economic Zone (SCZONE) announced the arrival of the MV PAROSHIP at East Port Said Port, the largest dry bulk carrier to ever berth at an Egyptian port. The vessel arrived on Sunday from Mauritania carrying about 180,000 tonnes of cargo, exceeding previous Capesize vessels. The event highlights the port's growing capacity.
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, witnessed the signing of a contract between Al-Ahram Chemicals and Resins and the Main Development Company to build an industrial complex for formaldehyde and derivatives in Sokhna Industrial Zone. The $10m investment is expected to create 150 direct jobs. Commercial operations are set to start in early 2027.
Reported by AI
A consortium of Egyptian and Chinese companies has signed contracts for three new industrial projects in the West Qantara industrial zone, with a total investment of $75m. The projects are expected to generate over $100m in annual exports and create 3,600 direct jobs. Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone, signed the agreements.