Egypt launches a complex project with an Emirati company... ready-made factories with investments of $250 million

Suez 4Canal Economic Zone

Egypt Launches Ready-Made Factories Complex Project with Total Investments of $250 Million

The General Authority for the Suez Canal Economic Zone signed a contract with "Alpha Smart Investment in Commercial Projects, Establishment and Management (LLC)" – an Emirati company – to develop an integrated industrial complex of ready-made factories within the Ain Sokhna Industrial Zone, with total investments of $250 million.

In a statement, the Authority explained that the complex will be built on a total area of ​​500,000 square meters, in two phases of 250,000 square meters each. Direct investments in the project amount to approximately $100 million (equivalent to 5 billion Egyptian pounds), with expectations of attracting additional industrial investments exceeding $150 million, providing approximately 5,000 direct job opportunities and more than 7,000 indirect job opportunities.

The project aims to establish a comprehensive model for ready-made factories, based on the concept of an "integrated industrial ecosystem." This will enable the commencement of operations and production in less than 90 days by providing fully equipped industrial units, along with an integrated logistics zone that includes warehouses and a global logistics distribution center. 

It will also feature an administrative and commercial area with business hubs, co-working spaces, and a digital management center, as well as a service and entertainment area with a business hotel, a world-class restaurant complex, a business club, and gyms.

The project targets a diverse range of industries, including light engineering and electronics, food processing and agricultural manufacturing, packaging, light chemicals, automotive components, and home appliances. It will also attract activities related to e-commerce and logistics, thereby supporting a diversified industrial base and enhancing the integration of supply chains.

The project is planned to be implemented in two phases over a maximum period of six years. The first phase includes the construction of infrastructure and facilities with a 25-megawatt electrical capacity, along with the completion of 50% of the industrial units, with full operation commencing in its second year. 

The second phase encompasses logistical and service expansions, and the completion of the remaining project components leading to full operation. The project also offers flexible contracting models, including long-term and short-term leases, finance leases, and commission-based management.