SCZONE Signs $100 Million Deal For Industrial Complex In Sokhna

Dubai (PlantAndEquipment.com) - UAE’s Alpha Smart Investment Company and Egypt’s Suez Canal Economic Zone (SCZONE) have inked a $100 million deal to build an industrial complex in the Sokhna Industrial Zone.

The project, which will be constructed across 500,000 square meters in two stages, is anticipated to generate about $150 million in total investment and generate over 5,000 direct and 7,000 indirect employment.

Businesses will be able to start operations quickly because to the development's ready-to-use industrial units, logistical services, business centers, and auxiliary commercial and administrative facilities.

Half of the intended industrial units and essential infrastructure, including a 25MW power plant, will be delivered in the first phase, which will span 250,000 square meters. In addition to finishing the remaining units, the second phase will increase logistics and service capabilities.

The initiative is intended to boost industrial activity and solidify the zone's standing as a center for regional manufacturing and logistics.