A major step has been taken toward expanding industrial projects in Egypt’s Suez Canal Economic Zone (SCZone). Waleid Gamal El-Dien, Chairman of the SCZone, witnessed the signing of a contract with Massoud Steel for the establishment of a new metal container factory in the Sokhna Industrial Zone — the first of its kind within the SCZone.
With an estimated investment of EGP 965 million (approximately USD 18 million), the facility will be built within the ready-made factories area managed by the Main Development Company (MDC). The factory will span 31,000 square meters and is expected to create around 130 jobs once operational.
Initially focusing on serving the domestic market, the plant plans to expand into exports in later phases. Production is scheduled to begin in the first quarter of 2026.
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