• The Suez Canal Economic Zone (SCZONE) signed an agreement on Tuesday, April 28, for the "Alpha Smart" industrial project, representing $100 million in investment.

• The project will deliver a 500,000-square-meter complex of ready-to-use factories in two phases, generating roughly 5,000 direct and more than 7,000 indirect jobs.

• Between 2022-2023 and March 2025, SCZONE attracted $8.3 billion in investment across 272 projects, building on a 30 billion Egyptian pound ($560 million) financing deal signed with Commercial International Bank (CIB) in October 2025.

Egypt's Suez Canal Economic Zone Authority (SCZONE) announced on Tuesday, April 28, that it had signed an agreement covering the "Alpha Smart" industrial project, which represents $100 million in investment.

The project will develop a complex of ready-to-use factories in the Sokhna industrial zone, covering 500,000 square meters across two phases. Once complete, it should generate around 5,000 direct jobs and more than 7,000 indirect jobs, reinforcing the appeal of this strategic area anchored to the Suez Canal.

The model rests on building an integrated industrial ecosystem of turnkey factories. Investors can launch operations in under 90 days thanks to fully equipped units, backed by integrated logistics, administrative, and commercial services.

For SCZONE chairman Waleid Gamal El-Dien, the model serves as a major lever for "the expansion of existing projects and the attraction of new investments." He stressed that the Sokhna industrial zone now stands as a leading industrial and logistics platform, thanks in particular to its integration with the port of Sokhna and its strategic geographic position.

Designed as a hub for production, processing, and re-export, SCZONE continues its structural transformation. Between 2022-2023 and March 2025, it drew $8.3 billion in investment across 272 projects, reflecting momentum supported by a wide-ranging infrastructure program and improvements to the business climate.

Building on that momentum, SCZONE also signed a long-term financing agreement worth 30 billion Egyptian pounds (around $560 million) with Commercial International Bank (CIB) in October 2025. The 17-year loan targets the modernization of ports and infrastructure, particularly at East Port Said, while supporting the development of public and industrial services.

Ingrid Haffiny