Arab Finance: Walid Jamal Al -Din, Chairman of the General Authority for the Economic Zone of the Suez Canal, witnessed the ceremony for a stone. The basis of the Daily Egypt Glass Industries project – Deli Egypt GlassWare “, which is located on an area of 120 thousand square meters in the industrial developer” Teda Egypt “in the integrated Sokhna area of the authority, at investment costs of $ 70 million.
It is equivalent to 3.5 billion pounds, and the project provides 500 direct job opportunities, and it also aims to export 80% of production abroad, provided that the project is implemented in two phases; As it is expected that the first stage will be opened during the second half of 2026.
In his speech, the head of the Economy of the Suez Canal added that the authority launched the name of the “opening year” for the current year 2025, in celebration of what the authority achieved during the last period, noting that the economic zone of the Suez Canal witnessed during the past three years contracts for 297 projects in the ports and industrial areas affiliated One billion dollars.
He also stressed that these unprecedented successes are the culmination of the successful strategic partnership of the authority with development partners from the private sector and various state institutions, which is the partnership that enabled it to develop the business environment continuously.
Jamal Al -Din had said earlier that the foundation stone would be laid for an industrial complex Integrated for the manufacture of solar energy supplies within the industrial area of Ain Sukhna; Where it is expected that the first phase of the project will start during the first half of the year 2026, stressing that this project reflects the confidence of the major international companies in the investment climate within the economic zone, and enhances the authority's strategy in localizing advanced industries and integrating production chains and supplying solar energy supplies; The production chain in Egypt becomes complete from raw materials to the final product.
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