Turkey’s Ukinox to set up USD 14 mn Egypt plant

Turkish manufacturer Ukinox will set up a USD 14 mn stainless steel kitchen sinks plant in the Ain Sokhna Industrial Zone, according to a statement. The first phase of the project is expected to come online mid-2028 with an annual production capacity of 1.2 mn units, targeting both domestic and export markets. The plant will be built over 37k sqm.

More stainless steel in Sokhna: Chinese metalworks manufacturer Cheng Shan Industry inaugurated a USD 4.5 mn steel pipe and metal furniture factory in Sokhna late last year.

Al Ahly branches out to New Mansoura

Al Ahly broke ground on a 40-feddan sports and social complex in New Mansoura City earlier this week, its first facility outside Greater Cairo, according to a press release. The complex will include football pitches, basketball courts, swimming pools, a water park, and retail and dining space. It sits within Isla — a 334-feddan New Mansoura development owned by Nations of Sky and developed by Delta Capital Real Estate Development — and will carry a c. EGP 1.5 bn investment ticket over three years, according to an Al Arabiya report. The club is contracting through its Al Ahly Sports Facilities Company subsidiary.

REMEMBER- This is the club’s second new facility in under 18 months. Al Qalaa Al Hamraa began construction on Al Ahly’s Sheikh Zayed stadium in February 2025.