Monday 16/March/2026 – 03:55 PM
Dr. Mostafa Madbouly, President cabinetThis evening, a meeting was held to follow up on a number of work files in the Suez Canal Economic Zone, in the presence of Engineer Mahmoud Esmat, Minister of Electricity and Renewable Energy, Ahmed Kajouk, Minister of Finance, Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, Engineer Khaled Hashem, Minister of Industry, Walid Gamal El Din, Chairman of the General Authority of the Suez Canal Economic Zone, and a number of officials from the relevant authorities.
The implementation status of a number of work files in the Suez Canal Economic Zone
During the meeting, Walid Gamal El-Din reviewed the existing projects in the Sokhna Industrial Zone affiliated with the Suez Canal Economic Zone, explaining that the zone includes 547 industrial and logistical projects, in addition to 88 supporting and service activities, representing 25 different nationalities from the largest countries in the world, while the total investment cost of these projects reaches about 33.06 billion dollars, adding that these projects provide 133.5 thousand direct job opportunities.
He continued: These projects include 70 projects in the textile sector at a cost of $683.8 million, 42 projects in the engineering industries and power activities sector at a cost of $732.3 million, 13 projects in the mining sector at a cost of $312.6 million, two projects in the leather sector at a cost of $1.5 million, and 59 projects in the pharmaceutical industries sector at a cost of $1.34 billion.
He continued: The existing projects in the Sokhna Industrial Zone, affiliated with the Suez Canal Economic Zone, include 130 projects in the chemical industries sector at an investment cost of $15.9 billion, 12 projects in the chemical industries (building materials) with investments of $5.17 billion, 4 projects in the chemical industries (glass) at a cost of $875 million, 26 projects in the metal industries at a cost of $269.5 million, and 7 projects in the metal industries. Heavy equipment at a cost of $4.3 billion, 66 projects in engineering industries at a cost of $2.1 billion, in addition to 25 service projects at a cost of $913.4 million.
Walid Gamal El-Din pointed out that the Sokhna region includes 13 industrial developers, who represent the authority’s success partners in attracting various investments and projects to this region.
During the meeting, Jamal El-Din touched on the executive position of the West Qantara projects, noting that the number of actual projects and contracts in the West Qantara Industrial Zone reached 52 projects, in various industrial sectors that include the textile and clothing sector, food, sustainable packaging, poultry farming equipment, and other projects, with investments estimated at $1.53 billion, contributing to the provision of more than 72 thousand direct job opportunities, noting the developments in the construction movement. For a number of projects in this promising region.
Walid Gamal El-Din also addressed the implementation situation of projects in the East Port Said Integrated Industrial Zone, noting that it includes 7 industrial, logistical and service projects, in the sectors of textiles and clothing, medicines and medical supplies, ready-mixed concrete, manufacturing of grain silos, railway trains, and others, with investments amounting to $367 million, and it also provides about 2,000 direct job opportunities.
During the meeting, the Chairman of the General Authority of the Suez Canal Economic Zone indicated that the East Ismailia (Technology Valley) Industrial Zone affiliated with the Suez Canal Economic Zone succeeded in attracting 4 projects in the sectors of metal industries and building materials; The region is distinguished by the availability of raw materials necessary for the manufacture of ferro-silicon alloys, ferro-manganese, gypsum and cement boards, which are important industries that represent the basis for many other industries and infrastructure projects. He added: The total investment cost of these projects is $59 million, and they provide about 1,000 direct job opportunities. They are also of great importance due to their location in the heart of Sinai, which directly supports the development process in the Sinai Peninsula and provides job opportunities for its people. He stressed that the Suez Canal Economic Zone aims to establish integrated industrial clusters with services supported by rehabilitation and training centers for workers.
