The agreement was signed at the SCZone headquarters in the New Administrative Capital by Hossam Abdel Aziz and Marwan Mohamed Ali Shaarawy.
Under the agreement, a manufacturing plant will be established in the East Port Said industrial zone for construction products and metal components. The project will be implemented with an investment of approximately USD 2 million, equivalent to 104 million Egyptian pounds, and will operate on a 5,388 square meter area.
The facility is expected to create a total of 70 jobs, including 50 direct employment opportunities and 20 indirect positions.
The project will focus on the production of beams and structural metal components to meet the needs of existing and future industrial investments.
Suez Canal Economic Zone Authority Chairman of the Board Walid Gamal El-Din stated that the project will strengthen industrial integration in East Port Said. He emphasized that feeder industries and supply chain integration play a critical role in enhancing the region’s competitiveness.
He noted that the Steel Con investment will contribute to strengthening industrial infrastructure and support the localization of production inputs required by both existing and planned projects.
He also emphasized that the Suez Canal Economic Zone is focused not only on attracting new investments but also on enhancing integration between different production sectors to ensure sustainable growth. He stated that this approach will increase added value in the national economy and strengthen the region’s position as an international investment hub.
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