The project investments are amounting to $110 million in an area of 250,000 square meters with a production capacity of 30,000 tons per month. It will be implemented in two phases over the next two years. The first phase starts during the first half of 2024 and provides more than 700 direct and indirect job opportunities. The second phase will be implemented in mid-2025. The inauguration took place in the presence of Major General Walid Youssef, Vice Chairman for the Southern zone, Dr. Ibrahim Abdel Khaleq, Vice Chairman for Investment and promotion affairs, Captain Mohamed Ibrahim, Assistant Chairman, Eng. Amr El-Batereq, CEO of Orascom Industrial Estates, officials of the Indian company, and representatives of the Indian embassy in Egypt.
This tour comes within the promotional tours that SCZONE undertakes to introduce the available investment opportunities within its scope to the international business community.
“We appreciate the presence of Indian investments in the industrial zone in Sokhna, and the presence of the Flex factory within the industrial developer Orascom for Industrial Zones, as Flex is one of the largest Indian companies working in this field. We appreciate the company’s plan to expand in Egypt to cover the Egyptian domestic market needs and to export to Middle East countries. SCZONE is the ideal destination that enables investors to access foreign markets and expand within the Egyptian domestic market through investment incentives that support this strategy. There are promising prospects for cooperation between SCZONE And Indian investments in various fields with a common interest from both sides and we are preparing to conduct a promotional tour in India to discuss means of cooperation to attract more Indian investments within SCZONE.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.