Egypt's Suez Canal Economic Zone (SCZONE) is partnering with China's Kibing Group, the world's third-largest producer of solar glass, to build $685 million solar panel–grade glass plant in Ain Sokhna, SCZONE chairman announced Wednesday. The facility, expected to span 800,000 square metres and create around 3,000 jobs, will primarily target exports to Europe and the United States, while also supplying Egypt's local market. Waleid Gamal El-Dien said the construction is planned in several phases, with 80 per cent of output designated for export. The announcement came as Gamal El-Dien is leading a high-level promotional visit to Zhejiang province as part of Egypt's broader strategy to attract investment in green energy, automotive manufacturing, and supply chain localisation. The Egyptian delegation also toured Lynk & Co's automotive plant, a Volvo-Geely joint venture, to explore opportunities for localising electric vehicle manufacturing. The SCZone aims to become a hub for EV production, tapping into Egypt's strategic location and expanding trade agreements. The visit concluded with a roundtable in Ningbo attended by six of China's largest auto parts manufacturers — including Joyson Group, Minth Group, Tuopu Group, Jifeng, and Ruitai — to discuss setting up operations within SCZone's industrial parks. "The SCZone is positioned to be a global base for green industries and auto manufacturing," Gamal El-Dien said, adding that infrastructure and energy needs for these investments are being coordinated with relevant state bodies. Attribution: Amwal Al Ghad English
