Trade Min. opens small enterprises complex in Ain Sokhna

CAIRO – 28 October 2017: Trade Minister Tarek Kabil inaugurated a complex of small enterprises in the Suez Industrial Development Company (SIDC) in the Red Sea resort of Ain Sokhna Saturday.

Stretched over 35,000 meters, the complex includes 47 companies with total investments worth LE 800 million, providing some 5,000 jobs.

This came during the minister’s field visit to Ain Sokhna and Suez governorate on Saturday to inaugurate and inspect a number of projects, according to a statement from the ministry.

Kabil said that the complex will help achieve the Trade Ministry’s plan to develop small projects, which are a main pillar for Egypt’s economy.

He said that the ministry is seeking to expand in establishing such complexes that adds to the production capacity and provide jobs.

Some of the projects, included in the complex, are involved in the fields of paper recycling, fertilizer packaging, medications and medical supplies, Kabil said.

Established over nine million meters, SIDC has 55 factories, with a total investment cost of $70 billion.

Earlier during his visit, Kabil inaugurated a technical training complex in Suez governorate, which includes a large number of classrooms and workshops that will be dedicated to 10 main crafts.

The complex will receive 600 students, who will be trained over three years and apply what they learned practically in industrial companies in Suez.