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Search Result

Beybi Egy to build $1.5M industrial gloves factory in SCZONE

The Suez Canal Economic Zone (SCZONE) signed an agreement with Beybi Egy Industrial Gloves Manufacturing to establish a $1.5 million industrial gloves factory in the Ain Sokhna Industrial Zone

Updated 32m6h
Egypt secures up to $2B in new Chinese investments in H1 2026

Chinese investments in Egypt during the first half (H1) of 2026 are estimated at between $1.5 billion and $2 billion, with most of the inflows coming from expansions of existing projects rather than entirely new investments, Mostafa Ibrahim, Vice Chairman of the China Committee at the Egyptian Businessmen's Association (EBA), told Al Arabiya Business.

Updated 7/8/2026 9:57:00 AM
Egypt, UK discuss deepening trade ties, expanding British investments

Minister of Investment and Foreign Trade Mohamed Farid met with UK Ambassador to Egypt Mark Bryson-Richardson to discuss expanding bilateral trade, supporting British investment, and strengthening economic cooperation between the two countries

Updated 7/6/2026 1:59:00 PM
NREA inks clean power supply agreements with SCZONE Utilities, SCCT

The New and Renewable Energy Authority (NREA) signed two landmark agreements with SCZONE Utilities and the Suez Canal Container Terminal Company (SCCT) for the transmission, distribution, and purchase of clean electricity for projects within the SCZONE

Updated 7/1/2026 3:13:00 PM
SCZONE, Agility sign logistics hub deal worth up to $35M

The General Authority of the Suez Canal Economic Zone (SCZONE) and Agility, a public warehousing and advanced logistics company, signed an agreement to develop a logistics hub as well as regional distribution and redistribution centers

Updated 7/1/2026 2:33:00 PM
China’s Zenith Group to build $300M tire components plant in SCZONE

China-based Zenith Group, a subsidiary of Zhongtian Group, plans to establish a $300 million facility to manufacture automotive tire components in TEDA-Egypt within the Suez Canal Economic Zone (SCZONE).

Updated 7/1/2026 2:01:00 PM
Egypt signs 3 logistics agreements at DP World Sokhna Logistics Park

Prime Minister Mostafa Madbouly witnessed the signing of three contracts to provide storage and handling services at DP World Sokhna Logistics Park, located within the Suez Canal Economic Zone (SCZONE)

Updated 7/1/2026 1:25:00 PM
Top 10 Trending News of June’s Last Week

The final week of June 2026 saw a series of key developments across Egypt's economy, with the Ministry of Electricity and Renewable Energy reaffirming that no electricity load shedding is planned this summer.

Updated 7/1/2026 11:10:00 AM
India’s Jai Dadi lays foundation stone for NFAL factory in SCZONE

Waleid Gamal El-Dien, the Suez Canal Economic Zone (SCZONE) Chairman, witnessed the laying of the foundation stone for the Nile Ferro Alloys LLC (NFAL) metal alloys factory, owned by Indian group Jai Dadi.

Updated 6/30/2026 2:03:00 PM
Korra Energi wins EGP 470.7M GennVax Egypt contract in SCZONE

Korra Energi has secured a contract to execute civil, architectural, and electromechanical works for GennVax Egypt, a vaccine manufacturing plant at the General Authority for the Suez Canal Economic Zone (SCZONE) in Ain Sokhna.

Updated 6/28/2026 9:40:00 AM
Hyperscalers and Data Centers: Egypt's Next Digital Growth Bid

Egypt has been working on boosting its digital infrastructure while meeting growing demand for data, cloud, and technology services. The government’s Digital Egypt strategy is designed to attract hyperscalers and cloud providers through fiscal incentives, regulatory reforms, and specialized free zones.

Updated 6/25/2026 10:47:00 AM
SCZONE hosts Nanjing delegation to discuss new Chinese industrial investments

The General Authority for the Suez Canal Economic Zone (SCZONE) received a high-level delegation from Nanjing, Jiangsu Province, China, to discuss opportunities to expand investment cooperation across several industrial sectors.

Updated 6/25/2026 6:11:00 AM
SCZONE allocates Port Said land to Egytrans NOSCO-linked Nafith Egypt for logistics yard project

Egytrans NOSCO disclosed that the General Authority for the Suez Canal Economic Zone (SCZONE) allocated a 114,000-square-meter plot of land to Nafith Egypt, in which Egytrans holds a 30% stake, for 25 years regarding its EGP 200 million logistics yard project for organizing and directing trucks in Port Said.

Updated 6/23/2026 9:44:00 AM
Long March Tyre lays foundation stone of $190M manufacturing plant in SCZONE

Long March Tyre (Egypt) Company Limited, a subsidiary of China's Chaoyang Longmarch Tyre Co., Ltd., has broken ground on its tyre manufacturing project within the TEDA-Egypt Zone

Updated 6/17/2026 3:29:00 PM
Egypt's urea fertilizer exports up 7.4% in 2025 on improved gas supplies: Badawi

Egypt’s exports of urea fertilizers jumped by 7.4% year-on-year (YoY) to $9.4 billion in 2025, Minister of Petroleum and Mineral Resources Karim Badawi noted at the 32nd Annual International Fertilizer Conference and Exhibition.

Updated 6/16/2026 2:28:00 PM
China’s Zhejiang Hongda to establish $20M textile plant in West Qantara Zone

Chinese company Zhejiang Hongda plans to develop a textile manufacturing project in the West Qantara Industrial Zone, with an investment cost of $20 million.

Updated 6/16/2026 12:58:00 AM
India’s Prestige to establish $20M denim facility in West Qantara

India-based textile manufacturer Prestige Denim Mills signed a deal with the Suez Canal Economic Zone (SCZONE) to develop a denim fabric production facility in the West Qantara Industrial Zone.

Updated 6/14/2026 7:46:00 AM
Staff Arabia: Infrastructure & Labor Costs Cement Egypt's MENA Hub Status

Arab Finance interview with Iyad Hafez, CEO of Staff Arabia Group

Updated 6/11/2026 3:24:00 PM
SCZONE Signs $27M deal with Canada's Avelon for technical textiles plant

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed an agreement with Canadian company Avelon to establish a technical textiles manufacturing facility in the East Port Said Industrial Zone, with first-phase investments valued at $27 million.

Updated 6/11/2026 12:52:00 PM
SCZONE inks $2M SteelCon project in East Port Said

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed an agreement with Egyptian construction and metal industries company SteelCon to establish a new manufacturing facility in the East Port Said Industrial Zone, with investment estimated at $2 million.

Updated 6/11/2026 12:35:00 PM
Funds for Old Fashioned Start-ups

During the past fifteen to twenty years, there has been a generation of new private equity funds that were founded and developed across Africa, primarily with the backing of worldwide and European development finance institutions (DFIs) and private capital. This crowd of funds is specialized in mid-cap and small- and medium-sized enterprise (SME) equity financing, with a lesser focus on venture capital (VC), debt, infrastructure, and real estate investments.

Updated 8/21/2023 8:32:00 AM