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
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
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
Transcargo International receives Egypt’s first customs licence as port-based distribution centre
Transcargo International (TCI), operating at Adabiya Port under the Suez Canal Economic Zone (SCZONE), has been granted Egypt’s first customs licence to operate as a port-based distribution centre — a milestone that supports the state’s strategy to position Egypt as
SCZONE signs agreement with S. Korea’s H&L for ready-made garments factory in West Qantara with $12m investment
The Suez Canal Economic Zone (SCZONE) signed on Tuesday a contract with H&L Egypt Apparel, a subsidiary of South Korea’s H&L Group, to establish a ready-made and sports garments factory in the West Qantara Industrial Zone with investments totaling $12m
Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed today the signing of a contract between Al-Ahram Chemicals and Resins and Derivatives Company and the Main Development Company (MDC) to establish an industrial complex for the production
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
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