# Kemet Industries and Al Qalaa–Red Flag Group sign $3.5B deal for three factories in Sokhna

Kemet Industries Group and Al Qalaa–Red Flag Group signed a strategic cooperation agreement to develop three industrial projects in the Sokhna Industrial Zone with a total investment of approximately $3.5 billion. The projects include a seamless steel pipe factory (250,000 tons/year), a vehicle tyre factory (12-15 million tyres/year), and a fiber optic cable facility.

- Type: Investment
- Announced: 2025-10-30
- Where: Sokhna Industrial Zone, Egypt
- Value: $3.50B
- Status: announced
- Capacity: steel pipes: 250,000 tons/year; tyres: 12-15 million/year
- Products: seamless steel pipes, vehicle tyres, fiber optic cables
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Kemet Industries Group](https://endata.com/companies/88148.md) (partner)
- [Al Qalaa–Red Flag Group](https://endata.com/companies/88149.md) (partner)

## Sources

- [steelradar.com](https://www.steelradar.com/en/kemet-industries-and-al-qalaared-flag-group-signed-agreement-for-three-major-industrial-projects-in-sokhna-industrial-zone/), 2025-10-30: "The partnership will boost industrial investments in the region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.