CAIRO – 8 October 2024: Chairman of the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, led the signing ceremony for the PYRAMIDS ALU project, which will focus on producing premium aluminum frames and solar mounting systems with a $1.8 million investment.
The project will be rolled out in three phases, starting with the construction of a 5,000-square-meter factory in the Sokhna Industrial Zone, equipped with four Plug & Play units. The factory is set to open within two months.
The agreement was signed by Walid Youssef, Managing Director of the Main Development Company (MDC), and Tarek Shehata, General Manager of PYRAMIDS ALU.
El-Din highlighted the wide range of investment opportunities within SCZone, including green fuel production, infrastructure development, and green bunkering services through the ports of Sokhna and East Port Said.
The PYRAMIDS ALU project is in line with SCZone’s strategy to localize complementary industries supporting green fuel production and promote solar energy component manufacturing using local resources.
A joint venture between Egypt’s ALU AFRIC and China’s ALU PRO, the factory aims to achieve a monthly production capacity of 1,750 tons, powered by two fully automated fabrication lines and one manual production line.
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