May 8, 2025
(Daily News Egypt)
–
Walid Gamal El-Din
, Chairperson of the
Suez Canal Economic Zone
(SCZONE), attended the signing ceremony for the Fotouh Al-Kuwait project, which will see the establishment of a packaging materials factory within the
Sokhna Industrial Zone
. The facility will span 10,000 square meters and involve an investment of
$1.7m
(approximately
EGP 86m
).
The agreement was signed by
Walid Yousef
, Managing Director of the
Main Development Company
(MDC)--the primary developer within SCZONE--and
Ahmed Fathi
, Director of Fotouh Al-Kuwait.
Gamal El-Din
stated that the project aligns with SCZONE's strategy to attract value-added investments and implement industrial ventures that enhance local manufacturing capabilities and localize supply chains in strategic sectors.
He emphasized that partnering with investors who bring both expertise and a developmental vision reinforces confidence in SCZONE's position as a leading regional hub for industry and logistics. He also noted that the factory's proximity to
Sokhna Port
will support its target of exporting 90% of its output.
SCZONE, he added, continues to strengthen its attractiveness to investors through modern infrastructure, tailored incentives, and integration with
Egypt's
evolving transportation and port systems.
Fotouh Al-Kuwait International
, an
Egyptian-Kuwaiti
joint venture with over 18 years of experience in consumer goods distribution, is implementing the Sokhna project in partnership with a Chinese company specializing in packaging technologies.
The factory is expected to create 30 jobs in its initial phase. The post Fotouh Al-Kuwait to build
EGP 86m
packaging factory in
Sokhna Industrial Zone
appeared first on Dailynewsegypt.
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