SCZONE Chairman Walid Gamal El-Din, head of Shandong Tianyi, Maoan Lee, and head of TEDA company Li DaiXin signed the comprehensive framework agreement encompassing all the project contracts in the presence of Prime Minister Mostafa Madbouly.

According to the SCZONE, the projects will be established on a total area of 1.2 million m2 during FY2024/2025.

Here is a list of the most prominent of these projects:  

• An industrial complex to extract bromine from the by-products of seawater desalination. The $110 million project will be established on an area of 120,000 m2.
• A glass factory consisting of two lines, one producing 800 tons of glass daily, while the other producing 800 tons of high-opacity rolled glass. The factory will be established according to a usufruct contract to land rights between TEDA company and China Glass Holding.
• A project for manufacturing chemicals in the SCZONE according to a usufruct agreement between the TEDA company and the Binhua (Befar) Group. The $500 million project on a total area of 400,000 m2 produces 100,000 tons of caustic chlorine.   
• A solar panels factory of type N, with investments of $100 million, will be established according to a land usufruct agreement between TEDA and Elite Solar company. The factory would provide 600 job opportunities.
• A $7.5 million factory to produce modulated starch. The project will be established according to a usufruct agreement between TEDA company, Dahui Glucose, and Tiba starch on a total area of 41,000 m2 in the SCZONE.
• A $50 million zone for supporting the supply chain of household appliances, established according to an agreement between TEDA company and Kaks Investment on a total area of 80,000 m2.

“These agreements reflect the success of SCZONE in gaining the trust of various international investments, especially Chinese investments,” stated Gamal El-Din.

He added that these projects will offer 3000 direct job opportunities.

In November 2023, the SCZONE and Chinese Investors signed a $15.6 billion agreement for establishing 11 manufacturing and green hydrogen projects.

In July, the SCZONE and Chinese company Zhejiang Hengsheng initiated work on the $70 million textiles and clothing factory in West Qantara Industrial City in Ismailia.