Cairo: Chairman of the Suez Canal Economic Zone (SCZONE), Walid Gamal El Din, witnessed the signing of a contract with Steel Con to establish an industrial project in the East Port Said Industrial Zone.
According to State Information Service Egypt, the factory, which will produce construction components and related metal parts, costs around USD 2 million and creates 50 direct and 20 indirect jobs, as per a statement released by the SCZONE on Thursday, June 11, 2026.
The agreement was signed by Hossam Abdel Aziz, the managing director of East Port Said Development Company, and Marwan Mohamed Ali Shaarawy, the co-founder and representative of Steel Con, in the presence of the SCZONE head.
The plant will be constructed on a 5,388-square-meter plot within the East Port Said Industrial Zone and is expected to support industrial integration by supplying trusses and structural metal components to existing and future projects in the zone.
Gamal El-Din highlighted that feeding industries and industrial integration are essential for enhancing the competitiveness of the East Port Said Industrial Zone and attracting further industrial investment.
He noted that the factory will bolster the East Port Said Industrial Zone's industrial base by providing locally produced construction products and metal components required by a wide range of industrial projects.
The project is anticipated to improve the readiness of the zone's industrial infrastructure and increase the local availability of production inputs, thereby enhancing implementation efficiency and supporting faster industrial expansion, Gamal El Din added.
Gamal El-Din stated that the SCZONE's industrial development strategy focuses not only on attracting new investments but also on creating an integrated industrial environment capable of delivering sustainable growth through diversified industrial activities and stronger linkages between production sectors.
He mentioned that this strategy will enhance the competitiveness of the Suez Canal Economic Zone as a regional and international industrial and investment destination.