CAIRO – 30 October 2024: The Suez Canal Economic Zone (SCZone) signed an agreement with Pearl Group to launch a polyurethane production facility within MDC’s ready-built factories in the Ain Sokhna industrial zone. The signing ceremony was attended by SCZone Chairman Walid Gamal El-Din.
Covering 5,000 square meters, this new project represents an initial investment of EGP 100 million and is expected to create around 45 jobs.
Production is scheduled to start in the first quarter of 2025, with an anticipated annual output of 20,000 tons of polyurethane in its first phase.
Gamal El-Din underscored SCZone’s investor-friendly environment, highlighting incentives such as financial benefits, export support, and exemptions on exported goods. Combined with the Zone’s strategic location and connectivity between industrial areas and seaports, these advantages make it an ideal base for Pearl Group, which aims to expand into African and Southern European markets.
He further emphasized SCZone’s commitment to developing integrated industrial complexes to strengthen global supply chains, a priority that aligns with Pearl Group’s choice of SCZone as a prime export hub to neighboring regions.
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