Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone, witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy in the Sokhna Industrial Area. The projects involve $18m in investments and are expected to create 500 direct jobs. Operations are set to begin in early 2027.
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer's zone in the integrated Sokhna Industrial Area.
The projects form part of an industrial complex focused on designing and manufacturing technologies for engineering and medical laboratories, as well as industries supporting renewable energy, including an advanced research facility for technology transfer and localization in export-oriented sectors. Spanning 22,000 square metres, they involve $18m (about EGP 940m) in investments, aiming for $20m in annual technology exports and 500 direct jobs.
The agreements were signed by Waleid Youssef, Managing Director of MDC, and Ahmed Sakr, Director of the SDC Investment Fund. The first, Sakr Educational and Training Technologies Company, covers 8,000 square metres with $6m investment, creating 200 jobs and $5m exports. The second, Sakr for Electronics and Electrical Energy, spans 10,000 square metres with $7m, 200 jobs, and $10m exports. The third, Sakr Smart Agricultural Technologies, uses 4,000 square metres with $5m, 100 jobs, and $5m exports.
Gamal El-Din said the planned complex "represents a successful model of partnership with Egyptian entrepreneurs and investors abroad, aligning with the state’s efforts to leverage the expertise of its diaspora, particularly in high-growth, technology-driven sectors."
He added that SCZONE is developing integrated industrial clusters with advanced infrastructure, world-class facilities, and skilled labour at competitive costs, positioning it as an attractive destination for global investment.