Egypt’s Suez Canal Economic Zone (SCZone) has signed an agreement with a Turkish-Egyptian joint venture, SAI Hydraulic, to establish a manufacturing project in Sokhna with investments worth $2 million, the authority said on Wednesday.

 

The project, to be developed within the industrial zone of Main Development Company, will span 12,000 square metres and create around 150 direct jobs. It will produce equipment and trailers with an annual capacity of up to 100,000 tonnes, with operations expected to begin early next year.

 

SCZone Chairman Waleid Gamal El-Dien said the authority is targeting investments that support the localisation of industrial machinery and equipment, particularly for infrastructure projects. He added that ongoing digital transformation efforts, including streamlined one-stop-shop services, are aimed at improving the investment climate.

 

In a separate statement, the authority said it had also signed agreements with Sakr Electronics and Energy for three projects with combined investments of $18 million.

 

The projects will establish a technology-focused industrial complex covering 22,000 square metres, dedicated to engineering and medical laboratory technologies, as well as components for the renewable energy sector. The development will also include an advanced industrial research facility to support technology transfer and localisation.

 

The three projects are expected to create around 500 direct jobs and are scheduled to begin operations in early 2027, with targeted annual exports of approximately $20 million.