Chinese players break ground on USD 58 mn worth of factories in the SCZone

Two Chinese players kicked off construction on USD 58 mn worth of factories in the China-Egypt Teda trade zone in Ain Sokhna, according to a statement from the Suez Canal Economic Zone (SCZone). The two factories — courtesy of Kaks Investment and Dahui Glucose, alongside local producer Tiba Starch — are slated to go online in 2H 2026.

Right on cue: Agreements were inked with the companies back in September along with four other Chinese companies looking to set up shop in the China-Egypt Teda trade zone.

The first factory: Kaks Investment’s USD 50 mn plant will span some 40k sqm and target home appliance supply chains, including component manufacturing, customs storage, spare parts distribution, and assembly operations. It aims to deepen the local production of components for the home appliances industry and is forecast to generate some 300 direct jobs.

And the second: Dahui Glucose and Tiba Starch — with an initial USD 8 mn investment — are setting up a factory for the production of modified starch and vegetable protein. It is expected to have a production capacity of 30k tons annually. The project aims to meet demand for modified starch in Egypt, the Middle East, and East Africa, and is expected to create 150 direct jobs.