Chairman of the Suez Canal Economic Zone (SCZONE), Walid Gamal al-Din, witnessed the signing of a contract with Steel Con to establish an industrial project in the East Port Said Industrial Zone.
The factory, which will produce construction components and related metal parts, costs around two million dollars and creates 50 direct and 20 indirect jobs, according to a statement released by the SCZONE on Thursday, June 11, 2026.
The agreement was signed by Hossam Abdel Aziz, the managing director of East Port Said Development Company, and Marwan Mohamed Ali Shaarawy, the co-founder and representative of Steel Con, in the presence of the SCZONE head.
The plant will be built on a 5,388-square-meter plot within the East Port Said Industrial Zone and is expected to support industrial integration by supplying trusses and structural metal components to existing and future projects in the zone.
Gamal al-Din said that feeding industries and industrial integration are key pillars for enhancing the competitiveness of the East Port Said Industrial Zone and attracting further industrial investment.
He said the factory will strengthen the East Port Said Industrial Zone’s industrial base by providing locally produced construction products and metal components required by a wide range of industrial projects.
The project is expected to improve the readiness of the zone’s industrial infrastructure and increase the local availability of production inputs, thereby improving implementation efficiency and supporting faster industrial expansion, Gamal al-Din added.
Gamal al-Din said the SCZONE’s industrial development strategy focused not only on attracting new investments but also on building an integrated industrial environment capable of delivering sustainable growth through diversified industrial activities and stronger linkages between production sectors.
He added this strategy will boost the competitiveness of the Suez Canal Economic Zone as a regional and international industrial and investment destination.
Read the full article at Egypt Independent →📄Source document: General Authority for the Suez Canal Economic Zone (SCZONE)
2 reports
Egypt IndependentIndependentCenter5 days agoChairman of the General Authority for the Suez Canal Economic Zone (SCZONE), Walid Gamal al-Din, attended the signing of a $20 million textile manufacturing and processing project by Turkey's Zhejiang Hongda in the West Qantara Industrial Zone. The project will cover 60,000 square meters, create around 500 direct jobs, and export 70% of its production. The West Qantara Industrial Zone currently hosts 53 operational projects totaling $1.48 billion in investments, expected to generate 69,000 jobs across 3.42 million square meters.
Bias read (Center): The article reports on economic development and foreign investment in Egypt without taking a stance or using biased language. It presents factual information about the project, including financial figures, employment projections, and the overall progress of the industrial zone. There is no evident倾向
Official sources cited
- government General Authority for the Suez Canal Economic Zone (SCZONE)
Egypt IndependentIndependentCenter9 days ago SCZONE signs $2 mln contract with Steel ConThe Suez Canal Economic Zone (SCZONE) has signed a $2 million contract with Steel Con to establish an industrial project in the East Port Said Industrial Zone. The factory will produce construction components and metal parts, creating 50 direct and 20 indirect jobs. The facility will be built on a 5,388-square-meter plot and is expected to enhance industrial integration and attract further investment to the area.
Bias read (Center): The article reports on a business development involving a government economic zone and a private company. It provides factual details about the contract, including financial figures, employment numbers, and the project's goals. There is no evident ideological framing, loaded language, or selective o
Official sources cited
- organisation Statement released by the SCZONE
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