{"id":617905,"date":"2024-03-31T00:00:00","date_gmt":"2024-03-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/sczone-greenlights-new-industrial-projects\/"},"modified":"2024-03-31T00:00:00","modified_gmt":"2024-03-31T00:00:00","slug":"sczone-greenlights-new-industrial-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/sczone-greenlights-new-industrial-projects\/","title":{"rendered":"SCZone greenlights new industrial projects"},"content":{"rendered":"

New projects coming to the SCZone:<\/strong> The General Authority of the Suez Canal Economic Zone (SCZone) has greenlit a number of projects when it met yesterday, according to a statement<\/a>. <\/p>\n

#1- Orascom Industrial Parks to develop EGP 13 bn industrial complex: <\/strong>Orascom Construction subsidiary Orascom Industrial Parks received approval from the authority to develop and manage a EGP 13 bn integrated industrial complex in the Sokhna Industrial Zone. The complex will be implemented in two phases.<\/p>\n

#2- Turkey\u2019s DNM is setting up two projects: <\/strong>DNM Textile for Spinning, Weaving and Dyeing<\/a> \u2014 an investment venture of Turkish clothing firm Eroglu Holding \u2014 received approval to move forward with a USD 40 mn denim factory in Qantara West Industrial Zone, as well as an industrial complex for spinning, weaving, clothing, mattress, and furnisher production. Some 70% of the denim factory\u2019s production will be exported. <\/p>\n

Remember: <\/strong>Local ready-made garment maker Eroglu Egypt \u2014 the local arm of the Turkish Eroglu Holding \u2014 will build a USD 150 mn ready-made clothing factory in Qantara West Industrial Zone, under a framework agreement inked with the SCZone<\/a>. Meanwhile, Turkey\u2019s Jade Textile signed a framework agreement to invest USD 30 mn in ready-made garments unit for a larger factory that will also house a USD 35 mn dyeing unit.<\/p>\n

#3- SCZone\u2019s green fuel is heading to Europe: <\/strong>The SCZone will create a route to transport green fuel produced in the zone to the Dutch Port of Rotterdam, which will help the fuel reach European markets, under an MoU inked between the two sides. The MoU will also see the two sides working on the green bunkering corridor that will link Singapore to Rotterdam through the Suez Canal, creating the first corridor for green bunkering between Asia, Africa, and Europe. <\/p>\n

\n

\n

ALSO- Jotun inaugurates USD 100 mn factory:<\/strong> Norwegian paint manufacturer Jotun\u2019s new USD 100 mn industrial paint and varnish factory has kicked off operations, according to a cabinet statement<\/a>. Located in the Tenth of Ramadan industrial zone, the factory \u2014 Jotun\u2019s largest venture in Egypt \u2014 has a production capacity of 70 mn liters per shift.<\/p>\n

Another Madbouly tour: <\/strong>The inauguration came during Prime Minister Moustafa Madbouly\u2019s tour to the Tenth of Ramadan industrial zone, where he also visited the factories of Beko<\/a>, Haier<\/a>, Fresh Electric<\/a>, and Elsewedy Transformers<\/a>. Monthly visits to manufacturers have become a staple in Madbouly\u2019s agenda<\/a>, in a bid to draw attention to the increasing importance of industry to narrow our trade deficit, and highlight Egypt\u2019s natural position as an export hub serving Europe, Africa, the Middle East and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"

The projects include Orascom\u2019s EGP 13 bn industrial complex and DNM\u2019s USD 40 mn denim factory<\/p>\n","protected":false},"author":1,"featured_media":617906,"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":[72,7196,125,131,8499,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-industry","tag-investment-watch","tag-manufacturing","tag-orascom-industrial-parks","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"ce89f5d7-083f-4cb7-9cbc-8fe5c1249f18","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2639.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s SCZone grants final approvals for industrial projects","related_issue":[617896],"teaser":"The projects include Orascom\u2019s EGP 13 bn industrial complex and DNM\u2019s USD 40 mn denim factory","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.135833f8-5f84-4a6e-8c11-91ce0a206170.mp3"},"yoast_head":"\nSCZone greenlights new industrial projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/sczone-greenlights-new-industrial-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCZone greenlights new industrial projects\" \/>\n<meta property=\"og:description\" content=\"The projects include Orascom\u2019s EGP 13 bn industrial complex and DNM\u2019s USD 40 mn denim factory\" 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will cover a 3.3 sq km area and create over 30k jobs","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\/11\/2175.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589085,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/21\/indian-industrial-energy-firms-express-interest-in-sczone-during-roadshow\/","url_meta":{"origin":617905,"position":1},"title":"Indian industrial, energy firms express interest in SCZone during roadshow","author":"enterpriseam admin","date":"21 June 2023","format":false,"excerpt":"ACME could soon sign a framework agreement for its proposed green hydrogen plant","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment 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Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/215.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604667,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/elsewedy-subsidiary-to-develop-sczone-area-for-estimated-egp-10-bn\/","url_meta":{"origin":617905,"position":3},"title":"Elsewedy subsidiary to develop SCZone area for estimated EGP 10 bn","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Elsewedy to develop EGP 10 bn industrial zone in SCZone: An Elsewedy Electric subsidiary has signed a contract with the Suez Canal Authority that will see it develop an industrial zone in Ain Sokhna in the Suez Canal Economic Zone (SCZone) at an estimated total cost of EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646347,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/sczone-chiefs-ratifies-contracts-of-egp-1-bns-worth-of-projects-in-ain-sokhna\/","url_meta":{"origin":617905,"position":4},"title":"SCZone chiefs ratifies contracts of EGP 1 bn\u2019s worth of projects in Ain Sokhna","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Suez Canal Economic Zone (SCZone) chief Mohab Mamish ratified on Sunday contracts for 15 new projects in the Ain Sokhna industrial zone with a collective investment value of EGP 1 bn, Al Shorouk reports. The move follows a resolution pf a land dispute between the SCZone and the Suez Industrial\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":655670,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/21\/icc-issues-arrest-warrants-for-netanyahu-and-gallant\/","url_meta":{"origin":617905,"position":5},"title":"ICC issues arrest warrants for Netanyahu and Gallant","author":"enterpriseam admin","date":"21 November 2024","format":false,"excerpt":"Good afternoon all of you wonderful people, and welcome to the weekend. Read on for all the news, views, and reviews to get your Thursday night started off right.THE BIG STORY TODAY SCZone and Orascom Industrial Parks ink land agreement for a EGP 13 bn industrial complex: The Suez Canal\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617905","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=617905"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617905\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617906"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617905"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617905"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}