The Madbouly government approved the establishment of three new private freezone projects in Beni Suef, New Alamein, and Tenth of Ramadan, according to a cabinet statement. The projects, with a combined investment of more than USD 207 mn, are expected to add over 15k jobs, deepen local supply chains, and expand Egypt’s footprint in global textiles and building materials value chains, with 100% of production earmarked for export.

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#1- Lead New Material — owned by China’s Kentier Group — will invest USD 108.9 mn in a factory in New Alamein to produce PVC flooring, panels, doors, windows, and more. The factory will employ 2.1k workers and is expected to start operations in March 2026. All output will be exported, with a local component ratio of at least 30% from the start of production.

#2- Global textiles giant Alpine Group will invest USD 78.5 mn to establish a textiles factory in Tenth of Ramadan, focusing on socks and garments. The project, under the name Alpine Egytex Textile Industries, will employ 4k workers, 3.9k of whom are Egyptians, and aims to raise the local input ratio from 30% at launch to 50% within five years. The facility is expected to go online within 18 months.

#3- Alpine Group’s Egypt arm Alex Apparels will build a USD 20 mn ready-made garments factory in Beni Suef’s medium industries zone. The facility will produce 40 mn garments annually, use 30% local inputs, and create 9k jobs. The company plans to rely on Egyptian cotton and skilled local labor to boost competitiveness.

AND- Saudi Arabia’s Keenan Holding Group plans to establish a EGP 2 bn industrial complex for copper and metal products in Egypt, the Trade Ministry said in a statement. The roughly USD 41.4 mn project is expected to create more than 1k jobs. The location and timeline for the development were not disclosed.

The complex will comprise several factories, including one for copper water fittings, faucets, and valves, another for accessories and zinc and stainless steel handles, and a third specializing in copper water mixers in various designs and finishes.

IN OTHER MANUFACTURING NEWS-

Ashry Steel is planning to set up a EGP 3 bn cold-rolled steel sheets and coil factory, Chairman Ayman El Ashry told Al Borsa. The steel manufacturer will apply for a license to manufacture cold-rolled steel sheets from the General Authority for Industrial Development ahead of developing the project in Sixth of October.

The news follows the Industry Ministry announcing incentives for cold-rolled steel manufacturing last week, which include cheaper industrial plots, flexible payment terms, facilitated loans for working capital and production line, streamlined licensing, utilities provision, and preferential treatment to supply national projects. Local manufacturers of metal sheets are also being supported by recently introduced safeguard tariffs, which include a 11.1% tariff on cold-rolled steel.

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