The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna, local media reported. The project, spanning 3.75 mln square meters, will be developed in two phases over five years, with a total investment of USD 1.65 bln. It is expected to generate around 8,000 jobs.
The complex will comprise nine industrial projects and two service centers dedicated to research and development and solid waste recycling.
The first phase, covering 2 mln square meters, will feature four factories, with the first three set to begin operations in early 2027. This phase will create 4,419 jobs and include facilities for automotive components (230,000 tons per year), metallic home appliance components (50,000 tons annually), standard fasteners (100,000 tons annually), and hot-rolled coil production (2 mln tons per year).
The second phase will span 1.75 mln square meters and add five more factories, securing 3,575 jobs. These will include facilities for machinery spare parts (200,000 tons per year), rake discs (150,000 tons annually), steel structures (100,000 tons annually), aluminum-magnesium alloy auto parts (20,000 tons per year), and cold-rolled steel (2 mln tons annually). Pilot operations for the first four factories in the second phase are set to begin in January 2029, with the cold-rolled steel facility starting in March 2030.