CAIRO, Dec 23 (MENA) – Prime Minister Mostafa Madbouly witnessed, at the government headquarters in the New Administrative Capital, the signing ceremony of contracts to establish three major industrial projects within the industrial developer TEDA–Egypt zone in the Sokhna industrial zone, affiliated with the General Authority for the Suez Canal Economic Zone (SCZone).
The contracts were signed between TEDA–Egypt and each of Xin Feng Ming Group, Chaoyang Langma Tire, and Tongling Jieya Biotechnology, with total investments amounting to approximately $ 1.15 billion.
Madbouly affirmed that the signing of these three projects reflects the growing confidence of major global companies in Egypt’s investment climate and underscores the advanced infrastructure provided by the Suez Canal Economic Zone, as well as its logistical integration linking industrial areas with ports. This, he said, supports the Egyptian state’s strategy to deepen local manufacturing, boost exports, and create more job opportunities.
For his part, Walid Gamal al-Din, Chairman of the General Authority for the Suez Canal Economic Zone, said that the first contract includes the establishment of an integrated industrial complex for polyester fiber and polymer industries, with investments exceeding $ 800 million. The project will be built on an area of approximately 400,000 square meters and will be implemented in three phases, with a total production capacity of 1.08 million tons annually, providing about 3,000 direct job opportunities.
Gamal al-Din noted that the project will be implemented according to a clear timeline, with construction of the first phase starting in May 2026 and operations expected to begin in the fourth quarter of 2027. The second phase will start in 2028 and go into service in 2029, followed by the third phase, which will begin implementation in 2029 and start operating in 2030.
He added that the first and second phases include the establishment of advanced production lines for POY and DTY polyester yarns, with a combined annual production capacity exceeding 360,000 tons and expected annual sales of around $ 455 million, while creating nearly 1,000 direct jobs. The third phase aims to complete the project’s industrial integration and increase total production capacity, helping to bridge gaps in inputs for Egypt’s spinning and weaving industry—particularly in upstream manufacturing—while directing about 50% of output for export to regional and global markets.
The SCZone chairman stated that the second contract involves establishing an integrated industrial complex for the production of heavy truck tires and passenger car tires, with expected investments of $ 190 million.
He explained that the project will be built on an area of 200,000 square meters and will create about 1,400 direct job opportunities.
Gamal al-Din added that the project will be implemented in two main phases. The first phase will start in April 2026 and include basic construction works and the establishment of a heavy truck tire (TBR) production line and supporting facilities, in preparation for initial operation.
He noted that the second phase will begin in September 2028 and last for 12 months, including the completion and trial operation of the heavy truck tire (TBR) production line for two months, as well as the establishment and trial operation of a passenger car tire (PCR) production line for four months. This will enable the project to reach its targeted annual production capacities of 1 million heavy truck tires and 4.5 million passenger car tires, while strengthening export capabilities to regional and international markets.
The SCZone chairman added that the third contract includes the establishment of an industrial complex for the production of sanitary products with Tongling Jieya Biotechnology, with expected investments of $ 160 million.
He explained that the project will be built on an area of approximately 160,000 square meters and will provide around 1,000 direct job opportunities.
He noted that the company aims to reach an annual production capacity of 10 billion wet wipes, 2 billion baby diapers, and 100,000 tons of nonwoven fabrics manufactured using water-jet and hot-air technologies. Upon full operation, the project is expected to generate annual revenues estimated at $ 270 million.
Walid Gamal al-Din stressed that these projects represent a clear model of the targeted industrial diversification within the Suez Canal Economic Zone, combining textile input industries, heavy industries, and advanced sanitary industries.
He noted that the selection of the zone for these investments reflects its readiness to host major projects requiring large investments and high production capacities, as well as the success of the partnership with TEDA–Egypt in providing an integrated and attractive industrial environment for global investments.
He reaffirmed the SCZone’s commitment to implementing its strategic vision to build an advanced industrial base based on attracting high-quality investments, deepening local manufacturing, and enhancing integration with global value chains, thereby strengthening Egypt’s position as a regional hub for industry and trade.
He added that with the signing of these three projects, total investments attracted by the Suez Canal Economic Zone during the first half of fiscal year 2025/2026 have risen to approximately $ 5.1 billion, compared to $ 4.6 billion during fiscal year 2024/2025, marking a record surge in investment inflows and reflecting the Authority’s success in enhancing global investor confidence and providing an integrated investment environment capable of doubling investments within a short period of time.
