Egypt to build EGP 1 bn fiber-optic cable factory in Suez Canal Economic Zone

INVESTMENT WATCH- Gov’t to build EGP 1 bn fiber-optic cable factory in SCZone: The state-affiliated Arab Organization for Industrialization and Benya Capital, a holding company specializing in IT infrastructure, signed an agreement to build a factory to produce fiber-optic cables at the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The 50k sqm facility is expected to cost over EGP 1 bn and produce nearly 60 km-worth of cables a year, SCZone Chairman Yehia Zaki said.