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 32m6hChinese 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 AMMinister 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 PMThe 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 PMThe 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 PMChina-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 PMPrime 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 PMThe 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 AMWaleid 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 PMKorra 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 AMEgypt 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 AMThe 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 AMEgytrans 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 AMLong 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 PMEgypt’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 PMChinese 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 AMIndia-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 AMArab Finance interview with Iyad Hafez, CEO of Staff Arabia Group
Updated 6/11/2026 3:24:00 PMThe 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 PMThe 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 PMDuring 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