{"id":657220,"date":"2024-12-17T00:00:00","date_gmt":"2024-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/17\/chinas-wuan-xin-feng-eyes-usd-1-7-bn-industrial-complex\/"},"modified":"2024-12-17T00:00:00","modified_gmt":"2024-12-17T00:00:00","slug":"chinas-wuan-xin-feng-eyes-usd-1-7-bn-industrial-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/17\/chinas-wuan-xin-feng-eyes-usd-1-7-bn-industrial-complex\/","title":{"rendered":"China\u2019s Wu\u2019an Xin Feng eyes USD 1.7 bn industrial complex"},"content":{"rendered":"

Big-ticket Chinese investments are once again leading domestic business news<\/strong>, with news of an in-the-works industrial complex targeting the automotive industry at the same time as construction kicks off on a solar cell factory \u2014 two sectors that are very much priorities of the Madbouly government\u2019s industrial policy.<\/p>\n

\n

WU\u2019AN XIN FENG EYES USD 1.7 BN INDUSTRIAL COMPLEX-<\/p>\n

Chinese steelmaker Wu\u2019an Xin Feng has a plan to set up a USD 1.7 bn integrated <\/strong>industrial complex in the Suez Canal Economic Zone (SCZone)<\/strong>. It sees the facility eventually being home to nine factories and sees it creating some 8k jobs. It will be built out over a five-year period, according to an Industry Ministry statement<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The first phase will include four factories<\/strong> for automotive brake components, household appliance parts, standard fasteners, and hot-rolled steel coils, while the second phase will add five more factories, producing automotive parts made from aluminum and magnesium alloys, construction machinery components, and cold-rolled steel coils.<\/p>\n

This isn\u2019t the first time Wu\u2019an Xin Feng has shown interest investing in Egypt<\/strong>, as the Chinese steel maker inked an agreement in April<\/a> with the SCZone to lease a plot of land to set up a USD 297 mn hot-rolled steel coils plant. It\u2019s so far unclear if the project is the hot-rolled steel coil factory that will be set up in the industrial complex or a separate project entirely.<\/p>\n

\n

USD 150 MN SOLAR CELL FACTORY-<\/p>\n

China\u2019s <\/strong>Elite Solar<\/a><\/strong> laid the foundation stone for its USD 150 mn solar cell factory<\/strong>, with the first phase set to be complete by September 2025, according to an SCZone statement<\/a>. The project will create 600 jobs.<\/p>\n

D\u00e9j\u00e0 vu? <\/strong>We first got wind of the project during the Forum on China-Africa Cooperation<\/a> in Beijing last September, when the renewables company inked a land agreement<\/a> for the project \u2014 which at the time was valued at USD 100 mn.<\/p>\n

\n

LUTHIA TEXTILE COULD SET UP SHOP HERE-<\/p>\n

T<\/strong>he world\u2019s largest producer of dyed fabrics and shirts could soon be setting up shop in <\/strong>Egypt<\/strong>, with Chinese dyed fabric giant Luthai<\/a>Textile<\/a> mulling a USD 385 mn factory \u2014 which would mark Luthai\u2019s first in the country \u2014 according to a statement<\/a> from the General Authority for Investment and Freezones. The factory\u2019s entire output will be earmarked for export, according to one company official. <\/p>\n","protected":false},"excerpt":{"rendered":"

The complex will house nine factories and be built out over a five-year period<\/p>\n","protected":false},"author":1,"featured_media":657221,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7255],"tags":[116,72,7196,131,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-china","tag-enterpriseam","tag-industry","tag-manufacturing","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"53bfb7d0-2111-4cbb-a26a-32461340c1ec","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1563.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s 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nine-factory complex will be built by over a five-year period","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\/2025\/3\/2098.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664386,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/29\/chinas-xin-feng-breaks-ground-on-usd-1-7-bn-sokhna-industrial-complex\/","url_meta":{"origin":657220,"position":1},"title":"China\u2019s Xin Feng breaks ground on USD 1.7 bn Sokhna industrial complex","author":"enterpriseam admin","date":"29 April 2025","format":false,"excerpt":"The project\u2019s first phase will be operational early as 2027","rel":"","context":"In 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It seems that the news lull we predicted has proven false. Today\u2019s issue is packed with local, international, and cloud-based news, and a couple of recommendations if you\u2019re enjoying a night in.THE BIG STORY TODAY- Chinese steelmaker Wu\u2019an Xin Feng has a plan to set up\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\/2021\/8\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618974,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/23\/chinese-steel-manufacturer-to-set-up-usd-297-mn-plant-in-sokhna-industrial-zone\/","url_meta":{"origin":657220,"position":3},"title":"Chinese steel manufacturer to set up USD 297 mn plant in Sokhna Industrial Zone","author":"enterpriseam admin","date":"23 April 2024","format":false,"excerpt":"The factory will export 70% of its production","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\/2024\/4\/1585.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":677875,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/24\/chinese-manufacturers-are-investing-another-usd-1-2-bn-in-manufacturing-here\/","url_meta":{"origin":657220,"position":4},"title":"Chinese manufacturers are investing another USD 1.2 bn in manufacturing here","author":"enterpriseam admin","date":"24 December 2025","format":false,"excerpt":"The three projects will create a total of 5.4k 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\/2025\/12\/1166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618814,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-inks-14-agreements-with-chinese-firms-during-china-egypt-zhejiang-economic-forum\/","url_meta":{"origin":657220,"position":5},"title":"Egypt inks 14 agreements with Chinese firms during China-Egypt Zhejiang Economic Forum","author":"enterpriseam admin","date":"21 April 2024","format":false,"excerpt":"The projects include a USD 800 mn fiberglass factory and a power generation center","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\/2024\/4\/1354.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\/657220","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=657220"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/657220\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/657215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/657221"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=657220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=657220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=657220"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=657220"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=657220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}