According to a cabinet statement on Monday, the plant will be the first in Egypt to produce metal components used in hotel and home furnishings, including door handles, standard and smart locks, and kitchen and office accessories.
The factory, to be located on a 15,000-square-metre site in the Sokhna Industrial Zone managed by MDC, is scheduled to begin its first production phase in early 2027. That phase will involve $3 million (EGP 143 million) in investments and create 200 direct jobs.
MIFRA plans an annual output of 2.5 million door and kitchen hinges, 3 million door handles, and 3 million regular and smart locks. The facility will also use PVD and UV metal-coating technologies.
The contract was signed by MDC Managing Director Walid Youssef and MIFRA CEO Ahmed Zayed, in the presence of SCZone Chairman Walid Gamal El-Din and other officials.
Gamal El-Din said the project fits into the zone’s push to expand local manufacturing, increase exports, and reduce reliance on imported specialized metal goods used in the tourism and real-estate sectors, in accordance with the new economic development narrative.
The SCZone expects its revenues to rise to about $8 billion in FY2026/27 and nearly $10 billion in FY2027/28. It reported a 38 percent rise in revenues to EGP 11.6 billion in FY2024/25, while net profits grew 51 percent to EGP 8.6 billion.
Suez Canal traffic has also begun to rebound after more than two years of Red Sea disruptions—due to the Israeli war on Gaza—increasing 5.2 percent year-on-year since July 2025 to 5,874 ships carrying 247.2 million tonnes. Canal revenues reached $1.97 billion, a 17.5 percent rise from the same period in 2024.
The SCZone recently concluded a promotional tour in the United States, meeting companies including Honeywell on industrial automation and energy transition, and Dragon Line on manufacturing mobile drip and pivot irrigation systems.
Egypt has also discussed linking the SCZone to Pakistan’s Gwadar port. Pakistan’s Ambassador to Egypt, Aamir Shouket, said Islamabad welcomed the proposal as part of a potential Egypt–Pakistan economic corridor.
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