During their meeting, Wei expressed the company’s interest in launching a significant project to produce cars and spare parts in the Suez Canal Economic Zone.
El-Din underlined that the facility's production of flat and photovoltaic glass, which is used in solar panel manufacturing, will support the growth of renewable energy industries.
The cooperation protocol, signed by SCZone Chairman Walid Gamal El-Din and Minister Plenipotentiary Yehia Al-Wathiq Billah, aims to create jobs, increase exports, and enhance investment opportunities within the zone.
The construction phase is scheduled to begin in Q1 2025, following feasibility study approvals received two weeks ago.
The production is expected to commence in the first half of 2025, targeting a recycling capacity of 22,000 tons annually.
