Photo courtesy of Egypt's cabinet
According to an authority statement on Wednesday, SCZone has signed contracts for a complex with three new projects, worth $18 million (EGP 940 million) in investments, with Sakr Electronics and Energy in the Main Development Company (MDC) area.
The complex, spanning over an area of 22,000 square metres, would design and manufacture technologies for engineering, medical laboratories, and the renewable energy supporting industries.
An industrial research lab will also be established within the complex to transfer and localize technology for targeted export sectors in Egypt.
The complex, which will create around 500 direct job opportunities and generate $20 million in technology exports annually, is scheduled to begin operations at the beginning of 2027.
The first of the three facilities at the complex will be Sakr for Educational and Training Technologies, at a cost of $6 million, over an area of 8,000 square metres. It will create 200 direct job opportunities and target $5 million in exports annually.
The second facility is Sakr for Electronics and Electrical Power, at a cost of $7 million, over an area of 10,000 square metres. It will create 200 direct job opportunities and aims to achieve $10 million of export sales annually.
The third facility in the complex is Sakr for Smart Agricultural Technologies, which costs $5 million, over an area of 4,000 square metres. It will create 100 direct job opportunities and aims to achieve $5 million worth of exports annually.
The project is part of the SCZone’s plan to enhance the technology sector and create integrated industrial clusters, as well as Egypt’s National Industrial Strategy, which is currently under review.
The strategy, which will adopt practical measures to support production and investment, is part of the governmental efforts to boost competitiveness, expand production, and tackle structural problems in the manufacturing sector.
The other agreement was signed with Sai Hydraulic for a trailer manufacturing project worth $2 million (EGP 104 million) in investments, also in the MDC area. The project will be established over an area of 12,000 square metres, with a production capacity of up to 100,000 tons annually. It will create 150 direct job opportunities. The expected production capacity will be reached at the planned time of operations, the beginning of 2027.
The aim is to attract companies specializing in technologies to localize the manufacturing of equipment and machinery used in industry and infrastructure projects.
Turkey, which has boosting its investments in Egypt, announced plans to increase bilateral trade with the country to $15 billion over the next few years, up from the $9 billion in February of this year.
Turkish companies operate in several industrial and commercial sectors in Egypt, including textiles and ready-made garments, and the chemicals, glass, and household-appliance industries
The SCZone has been attracting investors to increase localized manufacturing in several industrial sectors in Egypt, attracting around $13 billion in foreign investment over the past three years.
It could add between $3 billion and $5 billion a year to Egypt’s GDP over the medium term if industrial and logistics activities in the zone grow by 10 to 12 percent annually.
Egyptian councils are also preparing plans to raise non-oil exports by 15–20 percent annually or to $115.8 billion through 2030, as well as support foreign-currency inflows, and reduce pressure on public finances.
The growth of investments in SCZone is part of Egypt’s broader economic narrative, aimed at improving the investment climate and promoting private sector-led growth.
Short link: