}

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EBRD provides $20M loan to Futurefert for 3-plant project in Egypt

The European Bank for Reconstruction and Development (EBRD) has extended a $20 million loan to Futurefert, Egypt’s first granular nitrogen (N), phosphorus (P), and potassium (NPK) fertilizer producer, to support the expansion of its operations.

Updated 4/5/2026 1:26:00 PM
Egypt Marine Ports, SCZONE sign agreements to boost cargo handling capacity at Ain Sokhna port

Egypt Marine Ports (EMP), the commercial arm of the Ministry of Transport, inked agreements with the Suez Canal Economic Zone (SCZONE) to establish, manage, and operate cargo handling terminals in Egyptian ports.

Updated 3/25/2026 12:07:00 PM
Madbouly reviews progress on projects within SCZONE

Prime Minister Mostafa Madbouly held a meeting with several ministers and officials to follow up on several projects within the Suez Canal Economic Zone (SCZONE), according to a statement.

Updated 3/17/2026 8:24:00 AM
Egypt eyes doubling currency swap with China, boosting financial ties

Egypt and China mull ways to reinforce bilateral relations, including the existing currency swap agreement.

Updated 3/15/2026 8:20:00 AM
Egytrans NOSCO, Nafith awarded 25-year usufruct project in SCZone

Egytrans NOSCO and Nafith International won a tender to implement a usufruct project at Sokhna Port within the Suez Canal Economic Zone (SCZONE).

Updated 2/24/2026 10:39:00 AM
SCZONE taps Shaghalni to meet labor demand

The General Authority for Suez Canal Economic Zone (SCZONE) penned a cooperation protocol with Shaghalni, the fastest-growing recruitment platform for job seekers in Egypt.

Updated 2/18/2026 2:26:00 PM
SCOZNE, Al-Atta Group to develop $11M food, mining project in Ain Sokhna

The Suez Canal Economic Zone (SCZONE) has signed a contract for a new food and mining industries project by Al-Atta Group in Ain Sokhna Industrial Zone, with investments of $11 million (EGP 515 million).

Updated 2/12/2026 7:31:00 AM
SCZONE signs $2M agrochemicals project in Ain Sokhna

The Suez Canal Economic Zone (SCZONE) has signed a contract for a new fertilizers, soil conditioners, and pesticides manufacturing project in the Ain Sokhna Industrial Zone.

Updated 2/12/2026 7:25:00 AM
Egypt, Germany sign protocol of 7th Joint Economic Committee

Minister of Investment and Foreign Trade Hassan El Khatib and the Parliamentary State Secretary at Germany’s Federal Ministry for Economic Affairs and Energy Stefan Reinhold signed the protocol of the seventh session of the Egyptian-German Joint Economic Committee.

Updated 2/9/2026 12:48:00 PM
10 Viral Stories You Shouldn’t Miss This Weekend

The fourth week of January was dominated by a mix of record-breaking, highlighting Egypt's economy and business landscape, topped by Egypt’s capital market, which closed 2025 with a historic trading value.

Updated 1/28/2026 12:35:00 PM
Egypt, Netherlands discuss cooperation in renewables, green hydrogen

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), has met with Peter Mollema, the Netherlands' Ambassador to Egypt, to explore investment opportunities in the fields of renewable energy, green hydrogen, and sustainable development..

Updated 1/27/2026 1:26:00 PM
SCZONE signs $34M deal with China’s CNCEC for Sokhna soda ash project

The Suez Canal Economic Zone (SCZONE) inked a contract with China National Chemical Engineering Company (CNCEC) to develop $34 million production lines for the Soda Ash project.

Updated 1/26/2026 8:02:00 AM
India’s Jai Dadi to build $16M metal alloys manufacturing facility in SCZONE

Indian group Jai Dadi signed a contract with the Suez Canal Economic Zone (SCZONE) to establish a metal alloys manufacturing facility, with an investment of $16 million (EGP 757.25 million).

Updated 1/22/2026 2:18:00 PM
Weekly Rundown of Top 10 Trending Headlines

The past week delivered a cluster of positive signals for Egypt’s economy, as the IMF raised its real GDP growth forecast for fiscal year (FY) 2025/2026, while the CBE posted its balance of payments (BoP) reports for the first quarter of the FY.

Updated 1/22/2026 12:36:00 PM
Beyond Solar and Wind: How Battery Storage Reshapes Egypt’s Energy Future

Egypt?is at an energy tipping point. Landmark projects like the Benban solar park – one of the largest solar parks worldwide – and vast wind farms in Zafarana have rapidly expanded the country’s renewable energy generation capacity. Yet the prospect of clean energy is tempered by a profound challenge: solar and wind power are not available at all times in every location.

Updated 1/22/2026 11:22:00 AM
SCZONE pens $175M packaging facility deal with Türkiye's Eroglu Global

Waleid Gamal El-Dien, the Chairman of the Suez Canal Economic Zone (SCZONE), signed a $175 million agreement with Türkiye's Eroglu Global Holding to establish a carton and packaging facility in the Qantara West Industrial Zone

Updated 1/20/2026 2:10:00 PM
Egypt approves $1.29B new industrial projects in SCZONE

The Ministerial Group for Industrial Development, chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, approved two projects submitted by the Suez Canal Economic Zone Authority (SCZONE).

Updated 1/20/2026 10:44:00 AM
Arab API lays foundation stone for $165M pharmaceutical project in SCZONE

Arab API has officially laid the foundation stone for its flagship pharmaceutical raw materials plant in the Sokhna Industrial Zone, with an investment totaling $165 million (EGP 7.7 billion).

Updated 1/18/2026 6:53:00 AM
Weekend Briefing: A Curated Look at the Week’s Top News

The second week of January brought a series of developments shaping Egypt’s economic landscape, led by a major enforcement move as the Central Bank of Egypt (CBE) imposed fines totaling EGP 1.143 billion on HSBC Egypt.

Updated 1/15/2026 1:16:00 PM
Madbouly opens $24M expansion of Kadmar logistics center in Ain Sokhna

Prime Minister Mostafa Madbouly opened the new expansions of Kadmar International logistics center in Ain Sokhna Industrial Zone, with total investments of $24 million.

Updated 1/12/2026 9:14:00 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