The Suez Canal Economic Zone (SCZone) of Egypt has signed nine contracts worth a total of $1.1 billion with various Chinese companies. These agreements focus on establishing projects related to chemical manufacturing, food products, supply chains, and energy production. The contracts were signed during a forum on the China-Africa Cooperation Summit in Beijing, part of Egypt’s promotional tour for the canal.
Among the notable projects, Shandong Tianyi Chemical will spearhead the first bromine industry project in Egypt and the MENA region, focusing on the extraction and production of bromine. China Glass Holding is set to establish a chlor-alkali project aimed at producing essential chemicals such as caustic soda and chlorine, which are used in various industrial applications.
The food production sector will see significant advancements with the involvement of Dahui Glucose & Tiba Starch, who will construct a facility dedicated to the production of glucose and starch, contributing to the food industry and supply chain in Egypt. Additionally, they will set up another facility for food processing, focusing on the production of high-quality food products to meet local and export demands.
Elite Solar has secured a contract to develop a renewable energy project focusing on solar power generation, aiming to enhance sustainable energy solutions. Meanwhile, Binhua (Befar) Group will set up a chemical manufacturing plant to produce various industrial chemicals, supporting the local and regional markets.
Kaks Investment will implement a project to improve supply chain infrastructure, aimed at boosting efficiency and reducing logistics costs. Furthermore, China Glass Holding will establish a new glass manufacturing facility to produce a wide range of glass products for various industries. Shandong Tianyi Chemical will also focus on another project involving the production of industrial chemicals used in manufacturing and other sectors.
These contracts collectively aim to enhance the economic and industrial landscape of the Suez Canal Economic Zone, attracting significant foreign investment and creating numerous job opportunities.