Egypt’s SCZone signs $20m contract with China’s Zhejiang Hongda for textile project
The General Authority for the Suez Canal Economic Zone (SCZone) signed a contract on Monday with Chinese company Zhejiang Hongda to establish a $20m textile manufacturing and processing project in the Qantara West Industrial Zone. The development, which spans 60,000
Egypt studies global logistics hub in SCZONE to strengthen trade, supply chain position
Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting to review proposals for establishing a global logistics distribution hub within the Suez Canal Economic Zone (SCZONE), as part of Egypt’s strategy to attract foreign direct investment and reinforce its position
SCZONE attracts record $7.1bn in annual investments, secures $1.8bn in two months
Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, highlighted the zone’s expanding role as a global logistics and industrial hub during his participation in a conference organised by AHK Egypt. Held in New Cairo under the theme
Suez Canal economic zone investments hit $7.1bn so far this fiscal year, chairperson tells OECD
Investments in Egypt’s Suez Canal Economic Zone (SCZone) have reached $7.1bn so far in the current fiscal year, up from $4.4bn during the previous financial year, the authority’s chairperson said on Monday. The economic zone has succeeded in drawing a
Alpha Smart launches $100m integrated factory complex in Sokhna
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of a landmark agreement with Alpha Smart, a company specializing in investment and industrial development, to establish a fully integrated complex of ready-made factories in the
Indorama to invest $525m in Egypt fertiliser plant targeting 80% exports
Indorama Egypt Fertilisers has signed a contract to establish a new phosphate fertiliser plant in the Suez Canal Economic Zone (SCZONE) with a first-phase investment of $525m, targeting 80% of its production for export. The agreement, witnessed by Prime Minister
East Port Said receives largest-ever dry bulk vessel at Egyptian port
The Suez Canal Economic Zone (SCZONE) has announced the arrival of the vessel MV PAROSHIP at East Port Said Port, marking the largest dry bulk carrier ever to berth at an Egyptian port. The ship arrived on Sunday from Mauritania
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