- April 9, 2025
- Posted by: Ahmed Abed
- Category: EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed the groundbreaking ceremony for two new projects within the scope of the industrial developer “Teda – Egypt” in the Sokhna integrated industrial zone. The total investments amount to $58 million, covering an area of 81,000 square meters, and will provide nearly 450 job opportunities. The event was held in the presence of H.E. Major General Tarek El-Shazly, Governor of Suez, Mr. Zhao Liyu Cheng, Minister Counselor for Economic and Commercial Affairs at the Embassy of the People’s Republic of China in Egypt, Mr. Wei Jianqing, General Manager of TEDA, senior executives from SCZONE, officials from the industrial developer TEDA-Egypt, and representatives of the two project companies.
Mr. Waleid Gamal El-Dien witnessed the laying of the foundation stone for the “Kaks Investment” Company, which aims to establish a support area for the home appliance supply chain. This includes manufacturing components, customs storage services, spare parts distribution, assembly, metal sheet processing centers, injection, and foam production, thus enhancing the local manufacturing of home appliance components in Egypt. The project will occupy 40,000 square meters within SCZONE, with a total investment of $50 million, and will also provide approximately 300 direct job opportunities. Production is expected to begin in the second half of 2026.
Mr. Waleid Gamal El-Dien also attended the groundbreaking ceremony for the “Dahui Glucose & Tiba Starch” project, which will establish a factory to produce modified starch and plant protein. This will be located 41,000 square meters in the Sokhna industrial zone within SCZONE. The project will be established in 2 phases with an investment of $8 million for the first phase. The project aims to bridge the demand gap for modified starch in Egypt, the Middle East, and East Africa, with an annual production capacity of up to 30,000 tons. Additionally, it will produce plant protein with an annual production capacity of 3,000 to 5,000 tons, providing 150 direct job opportunities. The operation is expected to begin in the second half of 2026.
*”These two projects represent a new link in the series of constructive cooperation between the Suez Canal Economic Zone and Chinese investments. The Suez Canal Economic Zone has witnessed remarkable activity in terms of the number of factories being established, thanks to continuous promotional efforts over the past three years. We have also been working in serious cooperation with our successful partners from industrial developers to create an attractive investment environment and develop the industrial sector in Egypt,” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.*
*”The ‘Dahui Glucose & Tiba Starch’ project is part of Egypt’s strategy to localize vital industries and provide the raw materials necessary for many food industries. This is continuously supported by SCZONE through its backing for complementary and intermediate industries that create added value and enhance the competitiveness of the Egyptian economy. We also emphasize the importance of home appliance manufacturing projects, as they are key industries with strategic significance, due to their role in meeting local market needs and enhancing export opportunities,” Mr. Waleid Gamal El-Dien added.* It is worth noting that the contracts for the “Kaks” and “Dahui Glucose & Tiba Starch” projects were signed during the promotional tour of SCZONE’s Chairman on the sidelines of the Forum of China-Africa Cooperation (FOCAC) in September 2024. This reflects the seriousness of the efforts to attract investments and localize industries in Egypt.
