• SCZONE signs a usufruct agreement with MDC to develop 200,000 square meters in West Qantara Industrial Zone.
• MDC will build ready-to-use factories and pre-fabricated industrial units to accelerate investor entry and support SMEs.
• The project will be implemented in two phases over 36 months, with a total investment of USD 21.1M. 

Industrial Zone

The General Authority for the Suez Canal Economic Zone (SCZone) signed a USD 21.1 million usufruct agreement with the Main Development Company (MDC). This is to develop a 200,000-square-meter industrial area in the West Qantara Industrial Zone.

The agreement covers the construction of factories and pre-fabricated buildings designed for immediate occupancy by investors. This initiative is part of SCZONE’s ongoing strategy to attract small and medium-sized manufacturers.

The project will be implemented in two phases, each spanning 100,000 square meters, with an estimated investment of USD 10.5 million (EGP 500M) per phase. Furthermore, full implementation is expected within 36 months. 

The contracts were signed by Mostafa Sheikhoune, SCZONE Vice Chairman for Investment and Promotion, and Walid Youssef, MDC Managing Director. Additionally, the ceremony was attended by Walid Gamal El-Din, SCZONE Chairman.

SCZONE

The facilities are designed to meet the growing demand for investment in the West Qantara Industrial Zone. This is with a focus on sectors such as textiles, ready-made garments, food industries, agro-processing activities, and manufacturing woven medical supplies.

West Qantara offers competitive advantages for industrial investors, including access to trained technical labor and diverse energy sources at competitive prices.

Recent Agreements

Recently, Egypt signed a USD 200 million agreement with the Qatari conglomerate, Al Mana Holding. The agreement is to build a sustainable aviation fuel (SAF) plant. This will be a first-phase investment to build a SAF plant in the Integrated Sukhna Zone under the General Authority for the Suez Canal Economic Zone (SCZone). The plant will convert used cooking oil into sustainable aviation fuel.