Prime Minister Mostafa Madbouly during the signing ceremony held in New Alamein, along with SCZone Chairman, Walid Gamal El-Din and Minister of Industry and Transport Kamel El-Wazir, and other senior representatives from MDC and TEDA Egypt. Photo courtesy: Egyptian cabinet Facebook page.
According to a cabinet statement, Prime Minister Mostafa Madbouly, SCZone Chairman Walid Gamal El-Din, Minister of Industry and Transport Kamel El-Wazir, and other senior representatives from MDC and TEDA Egypt attended the signing ceremony held in New Alamein.
The expansion will increase TEDA Egypt’s total area in Ain Sokhna to approximately 10 square kilometres, following the near completion of its previously allocated 7-square-kilometre plot, read the statement.
During the ceremony, PM Madbouly emphasized the importance of cooperation to accelerate industrial development within the SCZone, highlighting the region’s competitive advantages that position it as a key regional hub for manufacturing and logistics.
He praised the SCZone’s success in encouraging developers to pursue further expansions.
Meanwhile, Gamal El-Din described the signing as a strategic step, affirming that SCZone’s partnership with MDC and TEDA Egypt opens the door for implementing a comprehensive development plan. This aligns with the authority’s strategy to localize industries and deepen domestic manufacturing within the zone.
He also highlighted that the expansion provides a new platform for localizing target industries and enhances the SCZone’s appeal to Chinese companies aiming to reach regional and international markets.
Over the past three years, SCZone has attracted more than $4 billion in Chinese investments, with mutual trust and aligned development goals expected to double this figure soon.
TEDA Egypt, established in 1984, is one of the leading industrial developers in the SCZone, known for its extensive experience in creating industrial communities. It has successfully attracted numerous Chinese and international investments to the area over the past years.
MDC, an Egyptian shareholding company founded in 2006 to be the main developer of SCZone, is responsible for managing and developing industrial assets within the authority.
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