China’s making more moves in Egypt’s SCZone

ZONES-

SCZone breaks ground on chemical plant in Ain Sokhna: Egypt’s SCZone has broken ground China-based Kemedi Chemical Company’s new USD 30 mn chemical manufacturing facility in the TEDA industrial zone in Ain Sokhna, according to a statement. The facility, built over 60k sqm, looks to produce over 40k tonnes of calcium hypochlorite per year and will be the largest production base for calcium hypochlorite in Egypt and Africa, according to the statement. The project is being developed in two phases, with production to begin following the completion of the first phase in May 2025.

Déjà vu? We first heard about the project back in May — but at a cost of only USD 17.2 mn.

China plays a prominent role in the SCZone: So far, there are upwards of 160 Chinese companies that have established bases in the zone, who have collectively invested around USD 2 bn, Suez Canal Economic Zone Chief Walid Gamal El Din said. The most recent swath of big-ticket investment news coming from China was a raft of contracts and MoUs with Chinese companies totaling over USD 1.1 bn signed at the Forum on China-Africa Cooperation in Beijing earlier this month.

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