SCZone
This venture, a partnership with Turkey’s Eroglu Holding, will cover 84,200 square meters and is expected to create approximately 5,000 jobs upon completion.
The Suez Canal Economic Zone (SCZone) has signed a cooperation protocol with the Egyptian Commercial Representation Authority, aiming to strengthen collaboration and attract foreign direct investment to Egypt.
The project, set to occupy 12,000 square meters, is backed by an initial investment of $20 million and will create 500 job opportunities.
SCZone Chairman Walid Gamal El-Din revealed these plans in a recent interview, emphasizing that the expansion of infrastructure is key to supporting the increasing number of projects and companies within the zone
Covering 5,000 square meters, this new project represents an initial investment of EGP 100 million and is expected to create around 45 jobs.
The meeting focused on strengthening cooperation and introducing the Chinese delegation to the diverse investment opportunities in SCZone, spanning 21 sectors ranging from industrial to logistical, with the aim of drawing more companies from Jiangsu Province to invest in the zone.
Minister of Foreign Affairs Badr Abdelatty met Monday with his Russian counterpart Sergey Lavrov in Moscow.
According to an official statement, SCZone's ports handled a total trading volume of 36 million tons during FY2023/2024
It is expected to achieve annual sales of $300 million, contributing to industry growth.
The Green Marine chemical project consists of three phases. In the first phase, which covers an area of 300,000 square meters, the project is expected to generate an annual revenue of $230 million.
The company has founded a complex consisting of four factories worth $12 million.
Ambassador to Sucre Hatem al-Nashar invited earlier this week Bolivian Vice-President David Choquehuanca to visit Egypt.
The center – lying in the SCzone - will be built by a grant.
Both delegations conferred over ways of increasing the size of bilateral trade exchange that currently stands at $2.8 billion per annum.
The $40 million investment project is part of SCZONE's plan to transform the Qantara zone into a regional hub for the clothing and ready-made garments industry
El-Din further highlighted that the projects will create over 25,000 direct and indirect job opportunities upon completion of their establishment and operation.
This deal marks HiTech Apparel's first venture in both the Middle East and Africa and is poised to create approximately 1,500 employment opportunities within the region
During the meeting, El-Din emphasized the significance of the economic zone as a national project aimed at supporting sustainable practices, contributing to Egypt's gross domestic product, generating employment opportunities, and establishing integrated industrial complexes with effective environmental systems
A key aspect of this project is its potential for job creation, with plans to employ 200 individuals.
During a meeting with the trade delegation from China's Zhejiang Province, SCZone Chairman Walid Gamal El-Din revealed these figures.
