Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer’s zone in the integrated Sokhna Industrial Area.
The projects form part of a broader industrial complex focused on the design and manufacture of technologies used in engineering and medical laboratories, as well as industries supporting renewable energy. The complex will also include an advanced industrial research facility aimed at supporting technology transfer and localisation in export-oriented sectors.
Spanning a total area of 22,000 square metres, the three projects will involve combined investments of $18m (approximately EGP 940m) and are expected to create around 500 direct jobs.
Operations are scheduled to begin simultaneously in early 2027, with the projects targeting combined annual technology exports of $20m.
The agreements were signed by Waleid Youssef, Managing Director of MDC, and Ahmed Sakr, Director of the SDC Investment Fund.
The first project, Sakr Educational and Training Technologies Company, will be developed on an area of 8,000 square metres with investments of $6m. It is expected to create 200 direct jobs and generate annual exports of $5m.
The second project, Sakr for Electronics and Electrical Energy, will span 10,000 square metres with investments of $7m, also creating 200 direct jobs and targeting export revenues of around $10m annually.
The third project, Sakr Smart Agricultural Technologies, will be established on 4,000 square metres with investments of $5m, creating 100 direct jobs and aiming for exports worth $5m annually.
Gamal El-Din said the planned industrial complex represents a successful model of partnership with Egyptian entrepreneurs and investors abroad, aligning with the state’s efforts to leverage the expertise of its diaspora, particularly in high-growth, technology-driven sectors.
He added that the SCZONE is working to develop integrated industrial clusters across economic, social, and environmental dimensions. Advanced infrastructure, world-class facilities, and the availability of skilled labour at competitive costs, he noted, have positioned the zone as an increasingly attractive destination for global investment.
