The Alexandria Free Zone, Egypt's largest and most export-focused free zone, is set to introduce new environmentally-friendly expansions for several of its existing projects. Lord International, with support from the European Bank for Reconstruction and Development (EBRD), plans to launch the world's first fully recyclable razor in late 2024, aligning with the company's shift from ammonia to hydrogen in its manufacturing processes. Currently, the company is adding two production lines with capacities of 2.4 million durable razors each month, with an investment cost of 15 million euros. Lord International's current production capacity stands at 5.5 billion razor blades and 1 billion razors annually, providing around 3,200 job opportunities, and it exports to eighty countries worldwide. In addition, Alex Apparels, the top Egyptian exporter of garments to the United States, will open two new factories in Alexandria by 2025. The company is also investing $100 million in a textile and dyeing factory, slated for operation by 2026. The Linen Group, a leading Egyptian textile exporter, is enhancing its production capabilities through advanced robotics, maintaining its competitive edge in European markets. Meanwhile, the Egyptian German Porcelain Company is expanding with a 500 million Egyptian pound investment in new kilns, increasing its total market investment to 6 billion pounds. These developments are expected to create 750 new jobs in 2024, on top of the 4,000 positions currently offered by the porcelain manufacturer, securing its status as the Middle East's leading porcelain producer. Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, emphasised the government's commitment to supporting local companies in expanding exports and reducing reliance on imports, particularly in the building materials sector. Attribution: the Egyptian Cabinet.
