Egypt signed contracts for three industrial projects in the Suez Canal Economic Zone (SCZONE) worth $1.15bn, bringing total investment in the zone to $5.1bn for the first half of the 2025/26 fiscal year(FY). The contracts were signed between Teda-Egypt and three Chinese firms for projects within the Sokhna Industrial Zone. Spanning 400,000 square metres, the project will be implemented in three phases with a total annual production capacity of 1.08 million tonnes, creating 3,000 jobs. The project involves an expected investment of $190m on a 200,000 square metre site, providing 1,400 jobs. The company aims for an annual production capacity of 10 billion wet wipes, 2 billion baby diapers, and 100,000 tonnes of nonwoven fabrics using water-jet and hot-air technologies.

Source: Daily News Egypt December 23, 2025 14:42 UTC