Suez: Chinese company, Xinxing signed on Wednesday $47 million worth of four new export contracts from its newly operational plant in Egypt's Suez Canal Economic Zone (SCZONE), marking a key milestone in the country's industrial localization drive.

According to State Information Service Egypt, the agreements cover ductile iron pipe shipments to infrastructure projects in Kuwait, Iraq, Tunisia, and Jordan. They follow a separate $39 million contract signed a day earlier for a project in Saudi Arabia, bringing Xinxing's total confirmed exports from the site to $86 million.

The deals were inked during a ceremony attended by Waleid Gamal El-Din, chairman of the Suez Canal Economic Zone (SCZone), along with company executives and representatives of developer TEDA-Egypt.

Among the largest agreements is a $20 million deal for a Baghdad water station project and an $8.5 million contract for Kuwait's Public Authority for Housing Welfare (PAHW). Other contracts include $12 million for a project in Jordan's Irbid governorate and $6.5 million for Tunisia's SONEDE water initiative.

Xinxing also signed a strategic partnership with Chinese environmental services firm Veolia to collaborate on technical and marketing studies.

'These deals reflect the SCZone's strategic goal to attract high-value industrial investment, localize manufacturing, and boost Egyptian exports,' Gamal El-Din said. He emphasised the broader benefits, including job creation and reduced import dependence.

Egypt is positioning the SCZone as a key hub for regional trade and production, with the Xinxing factory seen as a flagship investment in the zone's growing industrial base.