SCZONE Chairman participates in AMBITION AFRICA and holds key meetings with international companies in Paris

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), witnessed the signing ceremony for the Chinese “WINPEX” project contract. Specialized in manufacturing lighting and electrical appliances, the project will be located within the Main Development Company (MDC) industrial developer area in the Sokhna Integrated Zone.

With a total investment of $15 million, the project aims to establish a factory producing solar lights, LED bulbs, electronic devices, and plastic tools on an area of 50,000 square meters. The facility will create 500 direct job opportunities and 100% exports. The contract was signed by Major General Walid Youssef, Managing Director of MDC, and Mr. Malan Tang, Chairman of WINPEX, in the presence of executive leaders from SCZONE and both companies.

Commenting on the signing, Mr. Waleid Gamal El-Dien affirmed that SCZONE has firmly established itself as a prime global investment destination, driven by its world-class infrastructure, integrated ports, skilled workforce, and access to competitive renewable energy. He highlighted that SCZONE is dedicated to localizing industries and transferring technology in alignment with Egypt Vision 2030, aiming to boost exports and attract Foreign Direct Investment (FDI).

Mr. Gamal El-Din further emphasized that the growing volume of Chinese investments reflects the deep strategic partnership between the two nations. He also noted the vital role of industrial developers in diversifying the investment climate, ensuring SCZONE remains a pivotal hub for global supply chains supported by international free trade agreements.