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Jieya Egypt starts construction of $67M hygiene products complex in Ain Sokhna

Chinese hygiene products manufacturer Jieya Egypt has laid the foundation stone for a $67 million industrial complex in the Ain Sokhna Integrated Zone, with production scheduled to begin within two years.

Updated 8/20/2026 12:26:00 PM
Egypt eyes $2B Chinese-backed industrial complex in SCZONE

Egypt is mulling over cooperation with a Chinese group to establish an integrated industrial complex in the Suez Canal Economic Zone (SCZONE), with planned investments of $2 billion.

Updated 8/20/2026 12:15:00 PM
MDC, Techno Bond pen contract for $50M industrial complex in SCZONE

Egypt-Saudi joint venture Techno Bond will establish an industrial complex to produce cladding panels and aluminum rolls in the Suez Canal Economic Zone (SCZONE), with targeted investments of $50 million.

Updated 8/20/2026 4:38:00 AM
Sungrow lays foundation stone for $50M energy storage systems factory in SCZONE

Chinese renewable energy company Sungrow has laid the foundation stone for a $50 million energy storage systems assembly factory in the Ain Sokhna Industrial Zone.

Updated 8/18/2026 5:29:00 AM
Egypt implements 508 private-sector reforms in 2025: IDSC

Egypt implemented 508 measures to support the private sector in 2025, accounting for 50.4% of the reforms introduced between May 2022 and December 2025.

Updated 8/16/2026 1:29:00 PM
El-Sisi appoints Moustafa Shaikhon as SCZONE Chairman for one year

President Abdel Fattah El-Sisi issued a presidential decree appointing Moustafa Shaikhon as Chairman of the Suez Canal Economic Zone Authority (SCZONE), with the rank of Minister, for one year, effective on August 12.

Updated 8/13/2026 4:54:00 AM
Jasan Group launches $117M textile complex in Qantara West Zone

Zhejiang Jiansheng Group Company, known as Jasan Group, has broken ground on a textile and apparel complex in the Qantara West Industrial Zone, with total investments of $117 million

Updated 8/10/2026 1:36:00 PM
SCZONE pens EGP 2.4B contract for industrial project in West Qantara Zone

Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed the signing of a contract with Capital Company for Factory Management and Development to establish and invest in an industrial project in the West Qantara Zone.

Updated 8/9/2026 1:22:00 AM
Egypt's freight, logistics market to reach $14.66B by 2031: IDSC

Egypt’s freight and logistics market is projected to grow from $10.93 billion in 2025 to $14.66 billion by 2031, recording a compound annual growth rate (CAGR) of 5.04% between 2026 and 2031.

Updated 8/4/2026 1:24:00 PM
Egypt, CNCEC discuss expediting Soda Ash, Red Sea Petrochemicals projects

Minister of Petroleum and Mineral Resources Karim Badawi discussed accelerating the implementation of several strategic industrial and petrochemical projects in Egypt with a delegation from China National Chemical Engineering Group Corporation (CNCEC).

Updated 7/28/2026 6:26:00 AM
MRMIA pens deal with Genesis Mining for $930M phosphate project in New Valley

The Mineral Resources and Mining Industries Authority (MRMIA) signed a memorandum of understanding (MoU) with Genesis Mining to develop an integrated mining and industrial project for the exploitation of phosphate ore in New Valley Governorate

Updated 7/26/2026 3:00:00 AM
Egypt rolls out investment reforms as Indian investments hit $1.26B

Minister of Investment and Foreign Trade Mohamed Farid held talks with representatives of 30 Indian companies operating in Egypt to discuss their expansion plans

Updated 7/26/2026 12:34:00 AM
Top 10 Viral News of July's 3rd week: Energy deals lead Egypt's headlines

The third week of July ended with a handful of major economic developments and grand deals in the energy sector, including a six-year agreement between Petrojet and Enppi.

Updated 7/22/2026 12:29:00 PM
SCZONE, US Department of Commerce explore industrial, logistics cooperation

he General Authority for the Suez Canal Economic Zone (SCZONE) discussed ways of deepening cooperation in the industrial and logistics sectors with the US Department of Commerce, as well as probed potential opportunities for American companies within the economic zone.

Updated 7/22/2026 7:55:00 AM
SCZONE, India explore expanding industrial investment cooperation

The General Authority for the Suez Canal Economic Zone (SCZONE) and India explored ways to strengthen investment cooperation and expand Indian industrial projects across the zone’s priority industrial and logistics sectors.

Updated 7/21/2026 1:53:00 PM
Elsewedy Electric signs industrial land MoUs with 7 Egyptian investors in Tanzania

Seven Egyptian investors have signed memoranda of understanding (MoUs) to allocate industrial land for building factories producing strategic products at Elsewedy Industrial City in Tanzania.

Updated 7/19/2026 1:26:00 PM
China-Egypt TEDA seeks 10-square-kilometer expansion in SCZONE

China-Egypt TEDA Suez Economic and Trade Cooperation Zone is negotiating with the Egyptian government to secure an additional 10 square kilometers within the Suez Canal Economic Zone (SCZONE), a move that would nearly double its current area.

Updated 7/19/2026 12:21:00 AM
10 Buzzing News Stories To Power Your Weekend Catch-Up

The second week of July closed with notable economic developments, led by the SCZONE reporting total revenues of EGP 15.9 billion for fiscal year (FY) 2025/2026, exceeding its budget projection of EGP 10.5 billion by 51%.

Updated 7/16/2026 1:11:00 PM
SCZONE's revenues soar 51% in FY2025/26

The General Authority for the Suez Canal Economic Zone's (SCZONE) total revenues during the fiscal year (FY) 2025/2026 reached EGP 15.9 billion, marking a 51% increase over the FY's budget projections of EGP 10.5 billion, the authority's board stated in a meeting on the SCZONE's unaudited financial indicators.

Updated 7/16/2026 4:11:00 AM
SCZONE, Turkiye's Ukinox pen $14M stainless steel factory deal in Ain Sokhna

The Suez Canal Economic Zone (SCZONE) has signed an agreement with Türkiye's Ukinox Manufacturing Company to establish a stainless steel kitchen sink manufacturing facility in the Ain Sokhna Industrial Zone, with an investment of $14 million.

Updated 7/15/2026 10:03:00 AM
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