Egypt's Suez Canal Economic Zone (SCZone) witnessed the signing of a new industrial investment agreement between Fetouh Kuwait Company and Main Development Company (MDC) for the establishment of a packaging materials plant in the Sokhna Industrial Zone. The project will span 10,000 square metres and attract investments totalling USD 1.7 million, or around EGP 86 million at current exchange rate. "The project's location within the Sokhna industrial zone, near Sokhna Port, serves the project's goal of exporting 90% of its production," said Waleid Gamal El-Dien, chairman of SCZone. Attribution: Amwal Al Ghad English Subediting: M. S. Salama