Arab Finance: Walid Jamal Al -Din, Chairman of the General Authority for the Economic Zone of the Suez Canal, at the authority’s headquarters in the administrative capital, witnessed the signing ceremony of a company project contract Masoud Steel It is one of the Egyptian companies specialized in the field of metal packages and tin printing services, and the project is located on an area of 31 thousand square meters in the ready -made factories area in the range of the industrial developer, the main development company “MDC” in the industrial Sokhna area, at an investment cost of 965 million pounds, and the size of direct labor about 130 workers, the project targets the local market in the first stage and export in the following stages, and providing more job opportunities in this activity, as it is the first, as it is the first Of its kind, the economy of the Suez Canal, it is planned to start production with the project during the first quarter of 2026.
In this context, Walid Jamal Al -Din explained that the diversity of incentives within the economic zone through direct and indirect financial incentives, the exemptions for the commodities that are exported, the export support program, the strategic location and integration between industrial areas and marine ports, provides an environment for investment to the Masoud Steel Group; Especially since the company aims to export abroad and reach global markets.
The head of the economy of the Suez Canal also emphasized that the authority seeks to establish integrated industrial complexes through its target sectors, to support global supply chains, as various events recently stressed the necessity of diversification of production places and their presence near consumption markets, especially in sites that enjoy the availability of trained workers and energy with competitive prices such as the economics of the Suez Canal, and pointed out that the production of mineral packages and their printing from the pivotal industries that feed The various industries and products required in the local and regional market.
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