General Authority of the Suez Canal Economic Zone

XinFeng Egypt signed a deal with the Suez Canal Economic Zone to establish an integrated manufacturing complex in Sokhna, covering nine industrial projects and two service centers. Total investment is $1.65 billion, expected to create 8,000 jobs. First phase includes factories for automotive components, metallic components, fasteners, and hot-rolled coil.

Egypt's SCZone signed a contract with Eroglu Knitting Company for the first phase of a $120 million integrated textile factory in West Qantara Industrial Zone, producing 30 million pieces annually and providing 5,000 jobs.