{"id":617822,"date":"2024-03-28T00:00:00","date_gmt":"2024-03-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/28\/foreign-investors-ink-usd-353-mn-worth-of-industrial-projects\/"},"modified":"2024-03-28T00:00:00","modified_gmt":"2024-03-28T00:00:00","slug":"foreign-investors-ink-usd-353-mn-worth-of-industrial-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/28\/foreign-investors-ink-usd-353-mn-worth-of-industrial-projects\/","title":{"rendered":"Foreign investors ink USD 353 mn worth of industrial projects"},"content":{"rendered":"

Our industrial zones are a big hit with foreign investors:<\/strong> Egypt signed three separate industrial investment agreements with companies from China, Poland, and France collectively worth USD 353 mn for projects to be implemented in the country\u2019s industrial zones. <\/p>\n

The agreements include:<\/strong><\/p>\n

#1- A USD 146 mn ductile iron pipes factory: <\/strong>China\u2019s state-owned Xinxing Ductile Iron Pipes Company<\/a> also signed an agreement with the SCZone that will grant the Chinese company the right to use a 270k sqm plot of land in the TEDA industrial park to set up a USD 146 mn ductile iron pipe factory, according to a cabinet statement<\/a>. The project aims to manufacture 250k tonnes of cast iron pipes per year with an annual production value of USD 1.2 bn.<\/p>\n

ICYMI: <\/strong>We first heard about the project in October during the Belt and Road Forum that saw the SCZone rake in at least USD 15.5 bn worth of investment agreements in just a few days<\/a> from Chinese investors.<\/p>\n

#2- Another USD 174 mn glass factory from Saint-Gobain:<\/strong> The Suez Canal Economic Zone also signed an agreement with French glass and building materials manufacturer Saint-Gobain Glass Egypt to further cooperation on an already under-construction EUR 160 mn (USD 174 mn) glass factory in the Sokhna Industrial Zone, according to a separate cabinet<\/a> statement. A statement from the SCZone about the project last week<\/a> put the cost of the project at EUR 175 mn (USD 189 mn).<\/p>\n

Saint-Gobain is no stranger to Egypt\u2019s construction materials industry:<\/strong> The company\u2019s flat glass production line in the SCZone is the largest in the Middle East<\/a>. It also owns two building materials factories in Sadat and Amreya worth more than EUR 150 mn.<\/p>\n

#3- A new USD 33 mn grain silo factory:<\/strong> East Port Said Development and the Egyptian arm of Polish grain silo company Feerum<\/a> signed an agreement to allocate land for an EGP 1.6 bn (USD 33 mn) factory to design, manufacture, and establish grain silos and their components in the East Port Said Industrial Zone, according to a cabinet statement<\/a>. The project will be developed in cooperation with Egyptian construction and engineering firm Samcrete and the state-owned Egyptian Holding Company for Silos and Storage.<\/p>\n

Remember: For years, the state has been working to boost its wheat storage capacity<\/strong>, building more silos and taking out loans<\/a> to invest in silo development, all with the aim of ensuring none of our local harvest goes to waste due to lack of sufficient silo capacity and increasing wheat reserves. The Supply Ministry has a plan<\/a> to increase the country\u2019s silo capacity to 5.3 mn tons from its current 2.1 mn tons and cut down on the percentage of wheat that is wasted in the harvest and storage process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt signed three separate industrial investment agreements with companies from China, Poland, and France<\/p>\n","protected":false},"author":1,"featured_media":617823,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[116,317,72,103,491,125,131,1243,8478,416,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-china","tag-commodities","tag-enterpriseam","tag-fdi","tag-france","tag-investment-watch","tag-manufacturing","tag-poland","tag-saint-gobain","tag-suez-canal-economic-zone","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"a760dc2b-4840-4b9e-827c-b6cff5009778","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2535.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Foreign investors ink USD 353 mn worth of industrial projects in Egypt","related_issue":[617813],"teaser":"Egypt signed three separate industrial investment agreements with companies from China, Poland, and France","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.b0d356a9-1527-4f49-add8-8e69b8cfae68.mp3"},"yoast_head":"\nForeign investors ink USD 353 mn worth of industrial projects - 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PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt\u2019s Tredco","author":"enterpriseam admin","date":"1 May 2024","format":false,"excerpt":"The USD 20 mn clothing factory will be the first Thai industrial project in Egypt","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665216,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/14\/two-projects-worth-usd-210-mn-go-live-in-ain-sokhna\/","url_meta":{"origin":617822,"position":1},"title":"Two projects worth USD 210 mn go live in Ain Sokhna","author":"enterpriseam admin","date":"14 May 2025","format":false,"excerpt":"The projects will produce ductile iron pipes and tissue paper","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1088.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584045,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/26\/chinese-steel-player-to-invest-usd-2-bn-in-sczone-factories-plus-danone-to-invest-here-this-year\/","url_meta":{"origin":617822,"position":2},"title":"Chinese steel player to invest USD 2 bn in SCZone factories. PLUS: Danone to invest here this year.","author":"enterpriseam admin","date":"26 March 2023","format":false,"excerpt":"This is the latest in a string of Chinese investment in Egypt\u2019s manufacturing and infrastructure sectors","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/407.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608333,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/egypt-china-sign-usd-15-5-bn-worth-of-energy-manufacturing-agreements\/","url_meta":{"origin":617822,"position":3},"title":"Egypt, China sign USD 15.5 bn worth of energy, manufacturing agreements","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"Some USD 14.8 bn of the investments will go towards our green energy industry","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/882.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617787,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/27\/this-evening-egypt-signs-three-industrial-investment-agreements-nuca-is-taking-its-first-sukuk-issuance-to-market\/","url_meta":{"origin":617822,"position":4},"title":"THIS EVENING: Egypt signs three industrial investment agreements + NUCA is taking its first sukuk issuance to market","author":"enterpriseam admin","date":"27 March 2024","format":false,"excerpt":"Good afternoon, wonderful people. We have a mixed bag of news on the local front as the week begins to wind down.** A QUICK PROGRAMMING NOTE- EnterprisePM is taking a publication holiday and will be back in your inboxes at the usual time Sunday afternoon. We\u2019ll be publishing the Weekend\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/969.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665186,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/ain-sokhna-industrial-zone-launches-two-factories-worth-combined-usd-210-mn\/","url_meta":{"origin":617822,"position":5},"title":"Ain Sokhna industrial zone launches two factories worth combined USD 210 mn","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"Good afternoon, friends. We hope this finds you well and that your air filters are earning their keep today. We come with glad tidings of two new industrial zone factories breaking operational ground in Ain Sokhna, alongside details on Trump\u2019s Mideast tour, and Google\u2019s rough week.THE BIG STORY TODAY Two\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=617822"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617822\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617823"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617822"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617822"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}