{"id":662999,"date":"2025-03-26T00:00:00","date_gmt":"2025-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/chinas-wuan-xin-feng-inks-contract-for-usd-1-7-bn-industrial-complex-in-ain-sokhna\/"},"modified":"2025-03-26T00:00:00","modified_gmt":"2025-03-26T00:00:00","slug":"chinas-wuan-xin-feng-inks-contract-for-usd-1-7-bn-industrial-complex-in-ain-sokhna","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/26\/chinas-wuan-xin-feng-inks-contract-for-usd-1-7-bn-industrial-complex-in-ain-sokhna\/","title":{"rendered":"China\u2019s Wu\u2019an Xin Feng inks contract for USD 1.7 bn industrial complex in Ain Sokhna"},"content":{"rendered":"

China\u2019s Wu\u2019an Xin Feng signed the contract for its USD 1.7 bn integrated metal <\/strong>industries complex in the Ain Sokhna industrial zone <\/strong>with the Madbouly government yesterday, according to a statement<\/a>. The project will be set up over a five-year period and across two phases and once fully completed, it will offer 8k direct jobs. <\/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

What to expect: <\/strong>The complex will house nine industrial projects, two comprehensive service centers \u2014 one for R&D and one for solid waste recycling. <\/p>\n

Phase one to be completed in 2027: <\/strong>The first phase of the project will include an auto parts factory with an annual production capacity of 230k tons, a home appliance metal components plant with a production capacity of 50k tons a year, and a standard fasteners project that produces 100k tons a year. The plants are expected to kick off operations early 2027. Meanwhile, a hot-rolled steel coils factory that has an annual production capacity of 2 mn tons will come online at a later time. All in all, the first phase of the complex will offer over 4.4k jobs. <\/p>\n

As for the second phase<\/strong>, it will see the construction of an additional five more factories \u2014 a machinery components plant with a production capacity of 200k tons a year, a brake discs project that can produce 150k tons a year, a factory producing steel structures with a capacity of 100k tons a year, one for aluminum and magnesium alloy auto parts with a capacity of 20k tons a year, and one for cold-rolled steel coils with a capacity of 2 mn tons a year. The second phase will also see the construction of the two service centers.<\/p>\n

The timeline: <\/strong>The factories \u2014 apart from the steel plant \u2014 will kick off trial operations in January 2029 and the cold-rolled steel facility is slated to launch trial operations in March 2030. This phase is expected to create around 3.6k jobs.<\/p>\n

REMEMBER- <\/strong>The Chinese steelmaker first floated the idea for the complex late last year<\/a>. Prior to that it inked an agreement<\/a> with the SCZone to lease a plot of land to set up a USD 297 mn hot-rolled steel coils plant. It remains 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

Part of a wider localization push:<\/strong> The complex includes a number of component factories that fit into the Madbouly government\u2019s plans to localize a long list of industries<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The nine-factory complex will be built by over a five-year period<\/p>\n","protected":false},"author":1,"featured_media":663000,"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":[7272],"tags":[116,72,7196,125,131,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-china","tag-enterpriseam","tag-industry","tag-investment-watch","tag-manufacturing","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"595cfe3c-5872-4974-950d-ea2cf1239c83","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/2098.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Wu\u2019an Xin Feng signs contract for USD 1.7 bn industrial complex in Egypt","related_issue":[662994],"teaser":"The nine-factory complex will be built by over a five-year period","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.d1605d6b-e954-41d5-a885-86a8e41b9c1a.mp3"},"yoast_head":"\nChina\u2019s Wu\u2019an Xin Feng inks contract for USD 1.7 bn industrial complex in Ain Sokhna - 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\/2025\/03\/26\/chinas-wuan-xin-feng-inks-contract-for-usd-1-7-bn-industrial-complex-in-ain-sokhna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Wu\u2019an Xin Feng inks contract for USD 1.7 bn industrial complex in Ain Sokhna\" \/>\n<meta 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