Egypt on Tuesday signed agreements worth $1.15 billion to build three new industrial complexes in the Suez Canal Economic Zone (SCZONE), the Cabinet said, as part of a push to boost manufacturing, exports, and job creation. Prime Minister Moustafa Madbouly witnessed the signing at the government headquarters in the New Capital. The projects will be developed within the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, and are expected to create around 5,400 direct jobs. The agreements were signed between TEDA–Egypt and three Chinese companies — Xin Feng Ming Group, Chaoyang Langma Tire Co., Ltd, and Tongling Jieya Biologic Technology Co Ltd. Polyester Complex The largest project, led by Xin Feng Ming Group, will see more than $800 million invested in an integrated polyester fibre and polymer complex. Built over 400,000 square metres, the project will be implemented in three phases with a total annual capacity of 1.08 million tons and around 3,000 jobs. Construction will begin in May 2026, with initial operations expected in the fourth quarter of 2027, SCZONE Chairman Waleid Gamal El-Dein said. The first two phases will establish advanced POY and DTY polyester yarn lines, with combined annual output exceeding 360,000 tons and projected sales of $455 million, creating nearly 1,000 jobs. The third phase – to start in 2029 and become operational in 2030 – will complete industrial integration and expand capacity to fill gaps in upstream textile inputs for the domestic market, with 50 per cent of output targeted for export. Tyre Complex For the second project, Chaoyang Langma Tire will establish an industrial complex to produce heavy truck (TBR) and passenger car (PCR) tyres, with annual production of 1 million truck tyres and 4.5 million passenger car tyres, primarily for regional and international export markets. The investments are expected to reach $190 million. Comprising of two phases, the facility will cover 200,000 square metres and create around 1,400 jobs. Construction is set to begin in April 2026, including core civil works, the TBR production line, and supporting infrastructure. Expansion will start in September 2028 and last 12 months, upgrading the TBR line with a two-month trial run and adding the PCR line with four months of trial operations. Sanitary Products Complex The third project, in partnership with Tongling Jieya Biotechnology, will produce sanitary products including wet wipes, baby diapers, and nonwoven fabrics, with $160 million in expected investments. The facility will cover 160,000 square metres and create around 1,000 jobs. Once fully operational, the plant is projected to produce 10 billion wet wipes, 2 billion diapers, and 100,000 tons of nonwoven fabrics using water-jet and hot-air technologies, generating $270 million in annual revenue. The three projects highlight SCZONE's focus on industrial diversification, combining textile inputs, heavy industry, and advanced healthcare manufacturing, Gamal El-Dein said. "These investments demonstrate the zone's readiness to host large-scale projects that require substantial capital and high production capacities," SCZONE chairman said. He cited the successful partnership with TEDA–Egypt in creating "a comprehensive and attractive industrial environment for global investors." Total investments in the zone in the first half of fiscal 2025/2026 have reached about $5.1 billion, up from $4.6 billion in the previous fiscal year. Attribution: Amwal Al Ghad English
