Chairman of the General Authority for the Suez Canal Economic Zone, Walid Gamal el-Din, witnessed on Wednesday the signing ceremony of the “SAI HYDRAULIC” project at the authority’s headquarters in the New Administrative Capital.
The project represents a Turkish–Egyptian alliance and will operate within the Industrial Development Authority’s industrial zone, managed by the Main Development Company (MDC), in the Sokhna Integrated Industrial Estate.
The project involves investments of approximately $2 million and will be established over an area of 12,000 square metres.
It is expected to generate around 150 direct job opportunities and reach an annual production capacity of 100,000 tonnes, with operations scheduled to commence in early 2027.
The contract was signed by Major General Walid Youssef, Managing Director of MDC, alongside Selim Dag and Mr Ibrahim Hassan Ahmed, Directors of SAI HYDRAULIC.
In this context, Gamal el-Din affirmed that the Suez Canal Economic Zone is committed to attracting companies specialising in advanced technologies aimed at localising the manufacturing of equipment and machinery used in industrial and infrastructure projects.
He noted that such investments play a vital role in supporting both local and regional markets and contribute to enhancing Egyptian exports, particularly in priority sectors identified within the authority’s strategic vision.
He further highlighted the authority’s ongoing efforts to improve the business environment through the digital transformation of one-stop-shop services provided to investors, as well as maximising the benefits of its competitive advantages.
These include its strategic location, the availability of seaports and integrated industrial zones that bring production closer to target markets, and access to extensive free and international trade agreements, enabling entry to markets of more than two billion consumers worldwide.
