Suez Canal
Egyptian President Abdel Fattah Al-Sisi met officials to review plans for expanding domestic shipbuilding and developing the Suez Canal Authority maritime fleet.
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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.
Transcargo International (TCI), operating at Adabiya Port under the Suez Canal Economic Zone (SCZONE), has been granted Egypt’s first customs licence to operate as a port-based distribution centre. This milestone supports the state’s strategy to position Egypt as a leading regional logistics hub facilitating intercontinental trade.
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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.