Arab Finance: Orascom Industrial Parks has signed a $120 million contract with India’s UFlex Asepto with to expand the UFlex Group’s business in Ain Sohkna, the General Authority of Suez Canal Economic Zone (SCZONE) stated on June 20^th.

UFlex is targeting expanding its business scale in the developer’s industrial zone across a 125,000-square meter area.

This would create 250 direct and 500 indirect job opportunities.

Earlier this year, the foundation stone of the Indian plant of Flex-Egypt for the production of polyethylene was laid within the scope of Orascom Industrial Zone with $110 million in investments.

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