Egyptian-Chinese alliance to invest $75m in West Qantara industrial 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 (approximately EGP 3.6bn). The projects are expected to generate over $100m in annual
SCZONE secures EGP 30bn long-term CIB financing for infrastructure and port upgrades
The Suez Canal Economic Zone (SCZONE) has secured EGP 30bn in long-term banking finance from Commercial International Bank – Egypt (CIB) over 17 years. This funding will repay and restructure a previous EGP 10bn loan and provide EGP 20bn in
Infrastructure projects key to attracting $11bn to Suez Canal Economic Zone: Madbouly
Egypt’s massive investment in infrastructure over the past decade has been crucial in attracting $11bn in foreign direct investment to the Suez Canal Economic Zone (SCZONE), Prime Minister Mostafa Madbouly said on Sunday. Speaking at the end of a tour
Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna
Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of
SCZONE attracts $65m in new Chinese textile investments in Sokhna Industrial Zone
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), has witnessed the signing of four new contracts between Elsewedy Industrial Development and four leading Chinese textile companies to establish new factories within Sokhna 360 Industrial City, developed by
SCZONE launches pilot digital one-stop shop for investors
The Suez Canal Economic Zone (SCZONE) has officially launched a pilot digital service package aimed at enhancing the experience for investors. This marks the first phase in a broader effort to digitize various services offered by the SCZONE. The digital
Gold Star Fashion invests $4.5m in garment factory at West Qantara
The Suez Canal Economic Zone (SCZONE) has signed an investment agreement with Chinese apparel manufacturer Gold Star Fashion to establish a garment production facility in the West Qantara Industrial Zone. The agreement, signed at SCZONE’s headquarters in the New Administrative
SCZONE signs contracts for smart truck yard at West Port Said with EGP 250m investment
The Suez Canal Economic Zone (SCZONE) has signed contracts to establish a new smart truck yard at West Port Said, aiming to ease congestion and boost operational efficiency. The project will leverage advanced technology to digitize and streamline truck movements
Suez Canal Economic Zone secures $64bn in green hydrogen investments
The Suez Canal Economic Zone (SCZONE) has attracted $64bn in green hydrogen investments through 12 framework agreements, according to SCZONE Chairperson Waleid Gamal El-Din. This was announced during a meeting with Egyptian Prime Minister Mostafa Madbouly on Monday, where ongoing
SCZONE signs $38m deals for food, textile plants
The Suez Canal Economic Zone (SCZONE) has secured $38m in investments for two new projects in the Qantara West Industrial Zone. Waleid Gamal El-Din, Chairperson of the SCZONE, signed the contracts on Sunday at the authority’s headquarters in the New