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
Ateco Pharma Egypt explores cooperation with US embassy delegation
Ateco Pharma Egypt, a leading producer of intravenous solutions, hosted a high-level delegation from the US Embassy in Cairo to discuss potential collaboration, showcase its products, finalize export agreements, and bolster its reputation as a success story within the Suez
Egypt’s Investment Minister Opens Egypt–North Rhine-Westphalia Economic Summit with 100 German Companies Present
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, concluded his visit to Germany by meeting with the State Minister for Economic Affairs of North Rhine-Westphalia. The two officials discussed potential avenues for cooperation in trade and investment, agreeing that
Prime Minister witnesses $15m agreement signing for Honeywell lighting project in SCZONE
Prime Minister Mostafa Madbouly witnessed the signing ceremony of a project agreement between Siraj Lightening and VESRA MEA LLC-FZ, licensed by Honeywell to manufacture Honeywell lighting products, covering commercial, residential, industrial, outdoor, and indoor lighting at the government headquarters in