Egypt’s Suez Canal Economic Zone is set to host three new industrial projects with a combined investment of $1.15 billion, bringing total investments in the zone to $5.1 billion in the first half of the 2025/26 fiscal year. 

The contracts, expected to generate around 5,400 direct job opportunities, expand the footprint of industrial developer TEDA-Egypt in the Ain Sokhna Industrial Zone. The agreements were signed between TEDA-Egypt and China’s Xin Feng Ming Group, Chaoyang Langma Tyre, and Tongling Jieya Biotechnology, according to an official statement issued by the Egyptian Cabinet Presidency.

This aligns with SCZONE’s earlier forecast that revenue will exceed $4 billion this year, slightly above 2024 levels, with gradual growth expected from the next fiscal year. 

The Suez Canal generated about $40 billion between 2019 and 2024 and remains Egypt’s largest source of foreign currency. 

The largest project, led by Xin Feng Ming, involves the construction of an integrated polyester fiber and polymer complex with investments exceeding $800 million, according to SCZONE Chairman Walid Gamal El-Din. 

The facility will be built over about 400,000 sq. meters and developed in three phases, with a combined annual production capacity of 1.08 million tonnes. It is expected to create around 3,000 jobs. 

Gamal El-Din further pointed out that construction of the first phase is scheduled to begin in May 2026, with production expected to start in the fourth quarter of 2027. The second and third phases are set to come online between 2029 and 2030.  

The facility is expected to produce up to 10 billion wet wipes, 2 billion baby diapers and 100,000 tonnes of nonwoven fabrics a year, generating about $270 million in annual revenue at full capacity and employing around 1,000 people

Source: Arabnews