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SCZONE, China’s Wu’an Xin Feng to establish $297M iron factory in Ain Sokhna

The General Authority for Suez Canal Economic Zone (SCZONE) has inked a usufruct agreement with China’s iron manufacturer Wu’an Xin Feng to set up a factory for hot rolled iron in Ain Sokhna with total investments of up $297 million, a statement showed.

Updated 4/22/2024 12:52:00 PM