Prime Minister Mostafa Madbouli held a meeting on Monday to review progress in the Suez Canal Economic Zone. Ministers of electricity, finance, petroleum, and industry attended, along with the head of the zone authority, Walid Gamal El-Din.
Gamal El-Din presented updates on the Sokhna industrial area. It hosts 547 industrial and logistics projects, plus 88 service activities. Investments reach 33.06 billion dollars. These projects provide 133,500 direct jobs.
The projects cover many sectors. Textile has 70 projects worth 683.8 million dollars. Engineering and power industries have 42 projects worth 732.3 million dollars. Mining includes 13 projects worth 312.6 million dollars. Pharmaceuticals have 59 projects worth 1.34 billion dollars. Chemical industries are the largest, with 130 projects worth 15.9 billion dollars. Other sectors include building materials, glass, metals, and heavy industries.
The Prime Minister stressed the importance of these projects for development, job creation, and supporting Sinai’s growth. The zone aims to build integrated industrial clusters with training centers for workers.
