馃嚜馃嚞EgyptNorth Africa
SCZone secures $20 million in investments for industrial and technology projects in Sokhna
via Egypt Today1 min read
The SCZone has signed agreements totaling $20 million for new industrial and technology projects in Ain Sokhna. A $2 million agreement with SAI Hydraulic, a Turkish-Egyptian joint venture, will establish a facility to manufacture equipment and trailers. This project, covering 12,000 square meters, is expected to create 150 direct jobs and produce up to 100,000 tonnes annually, with operations starting early next year. SCZone Chairman Waleid Gamal El-Dien stated this supports the zone鈥檚 strategy to attract specialized manufacturing and deepen domestic production. Additionally, SCZone signed agreements with Sakr Electronics and Energy for three projects with combined investments of $18 million. These projects will form a 22,000 square meter technology-focused industrial complex for engineering and medical laboratory technologies, and components for renewable energy. This development will also include an advanced industrial research facility. These three projects are expected to generate 500 direct jobs, with operations beginning in early 2027, and aim for annual exports of approximately $20 million. SCZone is positioning Ain Sokhna as a regional hub for advanced manufacturing.
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This summary was AI-generated from a story originally published by Egypt Today.
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