Suez Canal Economic zone - file
CAIRO - 11 June 2023: The efforts of the Suez Canal Economic Zone to attract direct local and foreign investments take on a developmental dimension that is no less important than injecting new investments into the region, which is providing the largest number of job opportunities for young people in the targeted industrial sectors in the economic zone.
The data issued by the Suez Canal Economic Zone showed that the investment projects that obtained approvals from the zone in the recent period are scheduled to provide about 4,200 direct and indirect job opportunities, distributed among several industrial sectors in several economic zones affiliated to the authority.
The job opportunities were distributed by 1,200 opportunities provided by the Chinese Shen Feng project for rolling iron in Sokhna, which is located on an area of 750,000 square meters with investments of 300 million dollars, with a production capacity of 600,000 tons annually of sheet metal coils.
It also showed that a total of 1,200 job opportunities provided by the project of the Chinese Shanghai Shengda Company for the manufacture of clothes ready-made in Qantara West Industrial Area, with investments of 40 million dollars, and a production capacity of 43 million pieces annually, and is located on an area of 80 thousand square meters.
The list of projects also includes the Concrete Plus tire manufacturing project, which is planned to provide 700 direct and indirect job opportunities, as it will be built on an area of 400,000 square meters in the Sokhna region, with investments of 750 million euros to produce 2.4 million tires annually for transport vehicles and private cars, in addition to 700 opportunities.
Work provided by the Indian company Flex project to establish a storage area for raw materials for its products inside the port of Sokhna, with investments of $110 million, on an area of 250,000 square meters, and with a production capacity of 30,000 tons per month.
Comments
Leave a Comment