China’s Zenith Group to invest USD 300 mn in SCZone tire-component plant

Chinese steel manufacturer Zenith Steel is investing USD 300 mn in a Sokhna plant that will produce raw materials currently being imported for Egypt’s growing cluster of tire factories, according to a statement. The company — a subsidiary of Chinese conglomerate Zhongtian Group — will build on a 320k sqm plot inside the Chinese-operated Teda zone, producing 120k tonnes of steel cord a year and 50k tonnes of bead wire — the steel reinforcement used in vehicle tires. It plans to export around 30% of its output to the Middle East, Europe, and the Americas.

Also from the SCZone

Kuwaiti logistics heavyweight Agility Logistics Park will invest USD 30-35 mn to build a 53k sqm regional distribution center in the Suez Canal Economic Zone (SCZone), handling storage, consolidation, and re-export services, according to a statement. The project builds on Agility’s USD 25 mn Sokhna customs center that opened in February 2025 on a 21k sqm plot. It also cements Agility’s growing local footprint, which includes the Yanmu East Logistics Park developed in partnership with Hassan Allam Utilities in East Cairo.

Why it matters: The Ain Sokhna port is shifting to a fully automated export system designed to slash customs clearance times, integrate inspection authorities, and fast-track outbound shipments. It also fits the government’s wider push to use the SCZone as a trade-processing platform, including recent pitches to position the zone as a storage and re-export hub for regional commodity flows.