Prime Minister Moustafa Madbouli carried out an extensive tour of the Sokhna Integrated Industrial Zone, part of the Suez Canal Economic Zone (SCZone), where he inaugurated nine new industrial projects with total investments of $182.5 million.
Covering nearly 338,000 square meters, the projects offer more than 1,300 jobs, spanning over strategic sectors including engineering and metal industries, pharmaceuticals, textiles, glass, chemicals, polyurethane, packaging, and recycling.
Accompanied by ministers and other senior state officials, Madbouli stressed that the government was intensifying efforts to encourage Egyptian industry, localize production, and expand partnerships with the private sector as a key driver of economic growth.
President Abdel Fattah El Sisi had directed the government to support local industry and mitigate pressures from rising production costs, while also working to attract both domestic and foreign investment to transform Egypt into a regional industrial hub, the prime minister noted.
Madbouli highlighted that the SCZone became a cornerstone of the national economy and a prime destination for global investment, thanks to its strategic location, advanced infrastructure, and integration of ports with industrial areas.
The pace of expansion in industrial projects reflected growing confidence from local and international business communities in Egypt’s economy, he further said.
For his part, SCZone Chairman, Walid Gamal Eddin, emphasised that the new openings showcased the diversity and strength of the zone’s industrial base.
The projects reflected the authority’s success in attracting specialized investments aimed at deepening local manufacturing, increasing value-added production, and enhancing Egypt’s competitiveness in regional and international markets, he added.
SCZone authority would continue to draw advanced industrial projects that rely on modern technology and target access to global markets, the zone’s chief noted.
