Main Development Company signs EGP 1bn deal for West Qantara industrial site
The Suez Canal Economic Zone (SCZONE) signed a EGP 1bn usufruct contract on Monday with the Main Development Company (MDC) to develop pre-built factories in the West Qantara industrial zone. The project involves the development of a total area of
Government clarifies Al Mana aviation fuel project at Sokhna based on usufruct, not land sale
Egypt has denied claims that it ceded land in the Sokhna integrated zone to Qatar’s Al Mana Holding, clarifying that the company’s sustainable aviation fuel project is based on a usufruct system and remains under full Egyptian sovereignty. The Suez
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Qatar’s Al Mana Holding to invest $200m in Egypt sustainable aviation fuel plant
Qatar’s Al Mana Holding signed a contract on Sunday to invest $200m in a sustainable aviation fuel (SAF) production plant in the Suez Canal Economic Zone (SCZONE), marking the first Qatari industrial investment in the zone. The project, which will
Egyptian Commercial Service launches first SCZONE investment promotion mission to U.S.
The Egyptian Commercial Service (ECS) office in Washington, headed by Minister Plenipotentiary for Commercial Affairs Yehia El Wathik Bellah, organised Suez Canal Economic Zone (SCZONE) Chairperson Walid Gamal El-Din’s first promotional mission to the United States from 1 to 5
Egypt, Bulgaria sign protocol to expand economic ties across 19 sectors
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two nations. The agreement was finalised
Egypt prepares major incentive packages to attract green hydrogen investments: Petroleum Minister
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the emerging global
Egypt proposes strategic corridor linking Suez Canal zone with Pakistan’s Gwadar port
Egypt has proposed establishing a commercial corridor linking the Suez Canal Economic Zone (SCZONE) with Pakistan’s Gwadar Port, Foreign Minister Badr Abdelatty said on Sunday, as Cairo seeks to expand its logistics footprint in South Asia. During a meeting with
China’s WINPEX to establish $15m lighting equipment plant in Ain Sokhna
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a new investment agreement with China’s WINPEX, a company specialised in lighting products and electrical appliances. The project, developed under the umbrella of industrial developer
Suez Canal Economic Zone receives 24 new cranes for Hutchison’s automated Sokhna terminal
Egypt’s Suez Canal Economic Zone (SCZone) received 24 new container-handling units on Monday for the Red Sea Container Terminal (RSCT), operated by Hutchison Ports at Ain Sokhna, the authority said in a statement. The equipment — supplied by Shanghai Zhenhua