Chairman of the General Authority for the Suez Canal Economic Zone,Walid Gamal El-Din, witnessed the signing of a contract with Turkish company Ukinox Manufacturing for a stainless steel products project in Sokhna Industrial Zone. The investment amounts to 14 million US dollars, covering 37,000 square meters, and is expected to create 220 direct jobs. The first phase of operations is scheduled to begin in mid-2028 with an annual production capacity of 1.2 million units, focusing on stainless steel kitchen sinks for local and export markets.
The agreement was signed by Major General Waleid Youssef, Managing Director of Main Development Company (MDC), the zone’s development arm, and Orhan Hakoglu, Chairman of Ukinox. Gamal El-Din emphasized that the Sokhna Industrial Zone continues to strengthen its position as a key industrial hub within the Suez Canal Economic Zone, offering integrated infrastructure and proximity to Sokhna Port, which enhances competitiveness regionally and globally.
He added that the project reflects the zone’s ability to attract specialized engineering industries that deepen local manufacturing and support value-added production. The initiative is part of broader efforts to localize advanced industries, expand supply chains, and boost Egypt’s exports, leveraging the strategic location of the Suez Canal Economic Zone as a global industrial and logistics center.
