19 Hrs
Source:
الاقتصادية
Egypt establishes 9 new factories at Suez Zone
The article focused on the efforts of the Egyptian government in developing the Suez Canal Economic Zone. It highlighted the opening of nine new factories with investments totaling up to $85 million and the employment of 2,000 new workers. The article emphasizes the area's transformation from a dream into a global industrial and logistical hub, with the number of factories increasing to 212 and an expected rise to around 400 factories within a year and a half to two years. It also underscored the diversity of industries, including spinning and weaving, furniture, food industries, pharmaceuticals, and local manufacturing of products such as dental chairs and lighting fixtures, which compete with their international counterparts. The focus is on enhancing local content, increasing exports, achieving a qualitative leap in the national industry, supporting infrastructure, and creating jobs for millions of young people.
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