With an Additional Investment of $15 million,,SCZONE Chairman Witnesses the Signing of the Expansion Contract for the Nile Plastic Recycling Company Project

Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed today at SCZONE’s headquarters in the New Administrative Capital the signing ceremony of an expansion contract for the “Nile Plastic Recycling Company” project. The project is located within the scope of the industrial developer, Main Development Company (MDC), in the Sokhna Integrated Industrial Zone. The agreement was signed by Major General Waleid Youssef, Managing Director of MDC, Eng. Shady Magdy El-Tantawy, Chairman of the Nile Plastic Recycling Company, and Eng. Mohamed Saber El-Saadany, CEO and Managing Director of the company.

This expansion comes with an additional investment of $15 million, equivalent to approximately EGP 742 million, to establish an annex dedicated to the recycling of polyethylene terephthalate (PET), the primary raw material used in the production of food-grade plastic packaging. The new facility will span 10,000 square meters and is expected to create around 500 direct job opportunities, with a recycling capacity of 20,000 tons per year of processed plastic waste.

The project plans to allocate 70% of its output for export to international markets. The remaining 30% will serve the local market, supporting the national goal of increasing industrial exports and enhancing the added value of Egyptian recycled products. This phase is expected to start operating after the completion of the first phase.

 “The expansion reflects SCZONE’s ongoing commitment to its strategy of supporting the green economy and promoting sustainability. Recycling projects represent a fundamental pillar in the transition toward a low-emission, clean industrial model. These initiatives contribute to reducing resource waste, creating jobs, and boosting the global competitiveness of Egyptian products.” Mr. Waleid Gamal El-Dien, chairman of SCZONE, declared.

 “SCZONE continues to attract high-quality investments aligned with Egypt’s direction toward the circular economy. There is a strategic integration of projects within SCZONE’s industrial zones with the national objectives in the environment, manufacturing, and export sectors. The success of Nile Recycling in implementing the first phase laid the groundwork for this expansion and the injection of further investments in the second phase.” Mr. Waleid Gamal El-Dien, chairman of SCZONE, added.

It is worth noting that the “Nile Plastic Recycling Company” project in the Sokhna Industrial Zone was first launched following the signing of the initial agreement in November 2024, to establish a facility that recycles PET bottles into recycled PET (rPET) suitable for food-grade applications. The first phase involved an initial investment of $20 million, over an area of 12,000 square meters, and created 500 job opportunities. The first phase is expected to start operating during the first half of 2026. The expansion builds on the success of that initial phase and reflects growing investor confidence in the investment climate within SCZONE.