Egypt is accelerating its industrial transformation. On Sunday 6 September, Prime Minister Mostafa Madbouly inaugurated nine new factories in the Ain Sokhna industrial zone, at the heart of the Suez Canal Economic Zone. With a total investment of $84.5 million, these manufacturing facilities are expected to create nearly 2,000 direct jobs and help reduce the country’s reliance on imports, whilst reinforcing its ambition to become a major industrial and logistics hub in the region.
In Egypt, Prime Minister Mostafa Madbouly began a major visit on Sunday, 6 September 2026, to the integrated industrial zone of Ain Sokhna, a strategic hub within the Suez Canal Economic Zone (SCZONE). The purpose of the official visit was to inaugurate nine new factories representing a combined investment of $84.5 million. These projects, spanning several advanced manufacturing sectors including medical equipment and ambulances, textiles, furniture and chemicals, will officially create nearly 2,000 direct jobs. More importantly, they will enable Egypt to replace imports with strong domestic production, with local content ranging from 40% to 95%, thereby strengthening the country’s industrial self-reliance.
We want the Suez Canal to be not only a trade port, but also a global industrial and logistics hub. Today, we are here together, and I would like to return every three months to inaugurate more companies, whether they are new businesses or companies currently undergoing expansion. Today, nine companies are expanding.
Mostafa Madbouly, Prime Minister
The inauguration of these new facilities reflects growing confidence among international investors, a trend illustrated by the 117 major contracts concluded by the SCZONE, worth a record $7.26 billion, during the last fiscal year. The Head of Government took the opportunity to highlight the State’s continued efforts to modernise infrastructure, simplify administrative procedures and connect the country’s expanding domestic production, alongside economic growth of 5.1% for the 2025/2026 fiscal year, to global supply chains.
Today, we are gathered around nine companies, with total investments of $85 million and 2,000 new jobs for young Egyptians. What is particularly encouraging about these companies is hearing all their leaders, whether Egyptian or foreign, speak about expansions of 100%, or even more than 70%.
Mostafa Madbouly, Prime Minister
According to the Egyptian Prime Minister, these strategic developments are helping to firmly position Egypt as a key regional manufacturing and logistics hub, benefiting from privileged access to major international markets.
