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Egyptian, UAE-China groups plan $3.5b industrial expansion in Sokhna: SCZONE
Yomna Yasser Published in Amwal Al Ghad on 29 - 10 - 2025

Egypt's Kemet Industries Group and the Emirati-Chinese Al Qalaa–Red Flag Group signed a strategic cooperation agreement to develop three major industrial projects in Sokhna Industrial Zone, the Suez Canal Economic Zone (SCZONE) said Wednesday.
The projects carry a combined expected investment of $3.5 billion and include a seamless steel pipe plant with 250,000 tons annual capacity, a vehicle tyre factory producing 12–15 million tyres per year, and an optical fibre cable facility designed to enhance Egypt's telecommunications and digital infrastructure.
SCZONE Chairman Waleid Gamal El-Dein said the partnership will boost industrial investment, localise production, transfer advanced technologies, and deepen local content, while generating jobs for young Egyptians.
The steel pipe plant aims to supply major infrastructure projects and reduce import reliance, the tyre factory will support the domestic automotive sector, and the fibre optic facility is expected to accelerate Egypt's digital transformation.
The deal reflects Egypt's ongoing efforts to attract foreign investment and modernise its industrial base as part of its economic development and export expansion strategy.
Attribution: Amwal Al Ghad English

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