The total investment for these projects is $65 million, covering an area of 238,000 square metres, and the four projects are expected to create more than 3,000 direct jobs.
The contracts were signed by Engineer Mohamed El Kammah, CEO
of ElSewedy Industrial Development, and representatives of the investing
companies. The ceremony was attended by a number of leaders from SCZONE, the
industrial developer, and the investors. These new investment projects
represent a continuation of the fruitful cooperation between the Egyptian
Commercial Service and ElSewedy Industrial Development in attracting foreign
investment to Egypt.
SCZONE Chairman Walid Gamal El-Din welcomed the new
projects, stressing that the contracts "are an extension of the growth
path the zone is witnessing in attracting diverse investments" from
various countries and sectors.
He noted that the economic zone has become a "prominent
investment destination" due to its integrated infrastructure, unique
strategic location, and attractive investment incentives. El-Din affirmed the
authority's commitment to supporting investors to ensure rapid project
execution and operation.
El-Din further highlighted the textile industry as a
promising sector within the SCZONE, citing its opportunities to deepen local
manufacturing and increase the added value of Egyptian products. He said the
zone is developing an integrated industrial system—covering all stages from
spinning and weaving to dyeing and final manufacturing—to enhance Egypt's
competitive export capabilities.
He stressed that attracting major international textile
companies is a vital step toward localizing modern technology, transferring
expertise, and creating quality jobs for young Egyptians, aligning with the
SCZONE's vision to be a specialized industrial and logistical platform that
supports the national economy and sustainable development.
In this context, Engineer Mohamed El Kammah, CEO of ElSewedy
Industrial Development, said the agreements reflect international investor
confidence in Egypt's investment climate and the quality of infrastructure and
services provided by the company's industrial cities.
He explained that ElSewedy's commitment goes beyond
providing land; it includes continuous investment in infrastructure development
and smart solutions to make its cities more attractive, efficient, and
sustainable. The company aims to support its partners at all investment stages
to create an ideal environment for attracting further foreign investment.
The Suez Canal Economic Zone is a key integrated economic zone, comprising six seaports and four industrial areas, offering investors significant opportunities in manufacturing and logistics services.