Suez Canal
Egyptian-Chinese alliance invests $75m in West Qantara projects
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.
Al-Ahram Chemicals invests $10m in Sokhna formaldehyde derivatives complex
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.
Infrastructure projects attract $11bn to Suez Canal Economic Zone: Madbouly
Egypt's massive infrastructure investments over the past decade have been crucial in attracting $11bn in foreign direct investment to the Suez Canal Economic Zone (SCZONE), Prime Minister Mostafa Madbouly said on Sunday. During his tour of Suez governorate, he inaugurated projects in energy, health, and education. He emphasized that these initiatives enabled over 340 industrial and logistical projects, creating 80,000 jobs.