Massoud Steel to build EGP 965 mn metal packaging plant in Ain Sokhna

Local manufacturer Massoud Steel signed a contract to build a EGP 965 mn metal packaging factory in the Sokhna Industrial Zone, according to a statement from the Suez Canal Economic Zone (SCZone). The project is expected to create around 130 direct jobs and kick off operations in 1Q 2026.

The project is the first dedicated metal packaging and tinplate printing project within the SCZone. After initially focusing on the local market needs, the project will begin ramping up exports over time, which SCZone head Walid Gamal El Din said will be helped by the zone’s exemptions, support program, and infrastructure for exports.

DATA POINT- The SCZone signed USD 8.3 bn worth of actual investment contracts across 272 projects between July 2022 and March 2025, Walid El Din said in a separate statement. The projects — including 262 industrial, services, and logistics developments and 10 port projects — are expected to create over 40k jobs.