Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
A bout of fresh investments into our industrial zones: In familiar news to regular readers of Enterprise, another Chinese big ticket manufacturing project is in the works. While in not too familiar — and very encouraging — news, a Thai company looks set to become the first from the country to set up an industrial project in the country. And for good measure, a new home appliances factory from Egypt’s Tredco could also be in the cards.
#1- Construction of a USD 146 mn iron pipes factory has kicked off in TEDA: China’s state-owned Xinxing Ductile Iron Pipes Company has begun construction on a USD 146 mn ductile iron pipe factory in the TEDA industrial park, according to an SCZone statement. The project will manufacture 250k tonnes of cast iron pipes per year with an annual production value of USD 1.2 bn
Remember: The Chinese company inked an agreement with the SCZone in March granting it the right to build the iron pipes factory on the 270k sqm plot of land.
#2- Thai investors will set up a USD 20 mn sportswear factory in the SCZone: Thai ready-made clothing giant Hi-Tech Apparel has signed an agreement with the SCZone for the land to build a USD 20 mn sportswear factory in Qantara West above Ismailia, marking the first Thai industrial project in the country, according to an SCZone statement. The project is expected to break ground in 2H 2024, kick off in 2H 2025, and create 1.5k jobs.
Hi-Tech? The company operates ten factories across Thailand, Vietnam, Cambodia, and Laos, and manufactures sportswear for companies including US legacy brand Nike.
#3- Tredco wants to build a EGP 100 mn factory in the Tenth of Ramadan Industrial Zone: Egyptian manufacturer Tredco for Engineering Industries is looking to set up a factory to manufacture stoves in the Tenth of Ramadan Industrial Zone with investments of up to EGP 100 mn, the company’s chairman Sherif El Sayad told Al Borsa. The factory will be financed in equal part by the company and government banks. Operations are expected to launch in the first half of next year, with production capacity to hit 60k stoves within the first year.
