Orascom Industrial Parks’ planned Sokhna industrial complex is one step closer to kicking off construction: The Suez Canal Economic Zone (SCZone) signed a land usufruct agreement with Orascom Construction subsidiary Orascom Industrial Parks for its already announced EGP 13 bn integrated industrial complex planned for the Sokhna Industrial Zone, according to a statement from the authority. Orascom will develop, market, and manage the zone under a revenue-sharing mechanism with the authority.

More details about the project have come to light: The multi EGP bn project will cover a 3.3 sq km area and create over 30k jobs. The complex will target heavy and medium industries, in addition to plug and play facilities.

We first heard about the project in March, when the SCZone greenlit the project alongside several other projects.

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