The developer will implement the infrastructure works for the project with a total investment of $100 million, helping to attract a wide range of new industrial investments and contribute to the Authority’s goals of building integrated and sustainable industrial communities.
The Suez Canal Economic Zone (SCZone) signed a contract for the development of usufruct rights for a 2.86-square-kilometer plot of land located within the industrial zone of Ain Sokhna with TEDA Egypt. The signing ceremony was in the presence of Prime Minister, Mostafa Madbouly.
The developer will implement the infrastructure works for the project with a total investment of $100 million, helping to attract a wide range of new industrial investments and contribute to the Authority’s goals of building integrated and sustainable industrial communities.
This agreement comes as TEDA Egypt nears completion of the development works on a previously allocated 7-square-kilometer area.
With this expansion, the total area allocated to TEDA will reach nearly 10 square kilometers within the Sokhna Industrial Zone.
The signing reflects SCZone’s commitment to supporting industrial land development and maximizing its potential through partnerships with experienced industrial developers.
Walid Gamal El-Din, Chairman of the SCZone, stated that the contract marks a strategic step toward enhancing the development ecosystem in the integrated Sokhna Industrial Zone.
It aligns with the Authority’s efforts to maximize the investment value of industrial land and fully capitalize on the available infrastructure.
El-Din affirmed that TEDA Egypt’s expansion is a clear testament to the strong success achieved in recent years through the fruitful partnership between both sides—particularly in attracting investments and establishing a fully integrated industrial community within the economic zone.
He also noted that the new expansion provides a platform for localizing targeted industries within the zone and will attract more Chinese companies seeking access to regional and global markets.
Over the past three years, the SCZone has successfully attracted more than $4 billion in Chinese investments. He expressed confidence that the mutual trust and shared goals between the two parties would enable this figure to double in the coming period.
