With investments of $3 million .. Chairman of SCZONE witnessed the signing of two new (Plug &Play) projects for manufacturing and printing textiles in the Sokhna Industrial Zone

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), witnessed today, at SCZONE’s headquarters in the Administrative Capital, the signing ceremony for two new (Plug &Play) projects in the Sokhna Industrial Zone, for manufacturing and printing textiles, within the scope of the industrial developer, the Main Development Company (MDC), with total investments exceeding $3 million, and an area of 3,450 square meters, providing approximately 80 job opportunities.

Mr. Waleid Gamal El-Din witnessed the signing of the contract for the Velvet project, which is located in an area of 2300 square meters. The project will have machines with a total value of about $2 million. The factory will produce prayer rugs, carpets, velvet fabrics, and woven fabrics, with a targeted export volume for 2025 of $6 million, providing 50 job opportunities. The contract was signed by Major General Waleid Youssef, Managing Director of the Main Development Company, and Mr. Hussein Akar, Chairman of Velvet Company.

Mr. Waleid Gamal El-Dien also witnessed the signing of the contract for the Legend project to produce fabrics, on an area of 1150 square meters, with investments of one million dollars. The factory will be equipped with 20 circular knitting machines, a printing machine, and a packaging machine for production, with a targeted export volume for 2025 of $4 million, providing 30 job opportunities. The contract was signed by Major General Walid Youssef, Managing Director of the Main Development Company, and Mr. Hussein Akar, Chairman of Legend Company.

*” The main development company “MDC” is the development arm of SCZONE, as SCZONE contributes more than 75% of it. We support the company, especially about (Plug & Play) factories, which are being built on an area of 222 thousand square meters to offer about 150 units of “Plug & Play” in three phases with an expected investment cost of one billion pounds, as the project has achieved remarkable success. All the factories of the first phase, which amounted to 14 factories, with a total investment cost of 150 million pounds, were contracted. The implementation of the second phase is underway to offer 60 (Plug & Play) units with an expected investment cost of 350 million pounds, followed by the third phase to offer 76 additional units with an expected investment cost of 500 million pounds. The Plug & Play factories are very efficient in accelerating the pace of production and supporting investors to fulfill their commitments towards various global markets.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE declared.*

It is worth noting that the (Plug & Play) units represent an ideal solution for investors in small and medium industries, as they provide a fully equipped work environment with infrastructure and represent a good option for investors seeking to expand and grow in the market quickly and efficiently.