The Suez Canal Economic Zone (SCZONE) Chairman Waleid Gamal El-Dien received a Chinese delegation from the Qianhai Shenzhen Zone to explore new opportunities for cooperation in logistics, advanced technologies, and digital infrastructure

Prime Minister Mostafa Madbouly met with Minister of Petroleum and Mineral Resources Karim Badawi to review the executive status of projects related to phosphate ore industries and expansion efforts of adding value to this valuable ore.

The first week of May wrapped up with notable economic developments, as Egypt’s non-oil private sector recorded a sharp deterioration in operating conditions in April, with persistent price pressures weighing on both new orders and output.

The General Authority for the Suez Canal Economic Zone (SCZONE) attracted $16 billion in investments from 28 countries over the past three years and nine months

President Abdel Fattah El-Sisi announced a package of measures to support workers, including an EGP 1,500 monthly grant for informal workers.

The Suez Canal Economic Zone (SCZONE) signed an agreement for the UAE-based Alpha Smart project to develop an integrated complex of turnkey-ready-made factories in the Ain Sokhna Industrial Zone, with direct investments of $100 million.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a contract with Türkiye-based companies Dinamik Raus Tekstil and Yiltem Apparel to establish a ready-made garments and textiles factory in the Qantara West Industrial Zone, with investments valued at $8 million.

Egypt’s Deputy Prime Minister for Economic Affairs Hussein Eissa met with representatives of several Chinese companies to discuss potential investments across maritime transport, logistics, and manufacturing, including a proposal to establish a container terminal at Ain Sokhna Port with initial investments estimated at $400 million.

Prime Minister Mostafa Madbouly inaugurated the second phase expansions of the Ateco Pharma Egypt factory for intravenous medical solutions in Ain Sokhna Industrial Zone, with investments of $10 million, bringing the project’s total investment to $60 million.

Egypt’s Prime Minister Mostafa Madbouly inaugurated the HK Ding Chang Sheng Group Co., Ltd. factory for home textile production in the Ain Sokhna Integrated Industrial Zone, with investments of $6 million, as part of his tour of projects within the General Authority for the Suez Canal Economic Zone (SCZONE).

Egypt’s Prime Minister Mostafa Madbouly inaugurated the Pearl Polyurethane North Africa factory in the Ain Sokhna Integrated Industrial Zone, with investments of $3 million, as part of his tour of projects within the General Authority for the Suez Canal Economic Zone (SCZONE).

Egypt’s Prime Minister Mostafa Madbouly inaugurated the Borex Glass Co. factory in the Ain Sokhna Industrial Zone, with investments ranging between $6 million and $8 million, as part of his tour of projects within the General Authority for the Suez Canal Economic Zone (SCZONE).

Egypt’s Prime Minister Mostafa Madbouly inaugurated the New Seflon factory for aluminum products and cookware in the Sokhna Integrated Industrial Zone, with total investments of $2.5 million, as part of his tour of projects under the General Authority for the Suez Canal Economic Zone (SCZONE).

Egypt’s Prime Minister Mostafa Madbouly inaugurated the Green Recycle plant for plastic recycling in the Sokhna Integrated Industrial Zone, within the TEDA–Egypt industrial developer, with investments of $5 million.

Egypt’s Prime Minister Mostafa Madbouly inaugurated the Modern Hygienic International (MHI) factory in the Ain Sokhna Integrated Industrial Zone, marking the start of his tour of the zone under the General Authority for the Suez Canal Economic Zone (SCZONE).

The General Authority for the Suez Canal Economic Zone (SCZONE), in cooperation with the United Nations Industrial Development Organization (UNIDO), announced the launch of the National Clean Hydrogen Program–Egypt, aimed at accelerating the country’s transition to a competitive green hydrogen-based economy.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a $16.5 million agreement with Turkish company ELA Tekstil to establish a ready-made garment and denim factory in the Qantara West Industrial Zone.

Prime Minister Mostafa Madbouly chaired a meeting to review progress on establishing a global center for storing, supplying, and trading grains and oils in Egypt, as part of broader efforts to strengthen food security and expand logistics capabilities.

Egypt’s Suez Canal Economic Zone (SCZone) has signed a contract with Atesan Tekstil to establish a new textile project in the Qantara West Industrial Zone, with investments of $6.5 million.

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a $2 million (EGP 104 million) agreement with the Turkish-Egyptian alliance SAI HYDRAULIC to establish a trailer manufacturing project in the Ain Sokhna Integrated Industrial Zone.

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.