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Turkish Giant "Hayat" Expands in Egypt's SCZONE with $44M Investment

Taarek Refaat In a significant boost to Turkish-Egyptian economic ties and regional industrial integration, Hayat Egypt, a subsidiary of Turkish conglomerate Hayat Holding, has broken ground on a new production line for nonwoven hygiene products in the Ain Sokhna Integrated Industrial Zone—part of Egypt's Suez Canal Economic Zone (SCZone). The expansion, covering 30,000 square meters, represents a $44 million investment (equivalent to EGP 2.2 billion), and is expected to create over 400 direct jobs. Scheduled to become operational by March 2026, the new facility will dedicate 75% of its production to exports, underscoring Egypt's growing role as a regional manufacturing and export hub. The groundbreaking ceremony was attended by Waleid Gamal El-Dien, Chairman of SCZone; Governor of Suez Tarek El Shazly; Turkish Ambassador to Egypt Saleh Mutlu Şen; and Hayat Egypt General Manager Şenol Keserlioglu, alongside senior officials from the industrial developer Orascom Industrial Parks. According to SCZone data, 18 Turkish companies are currently operating in the zone, with combined investments reaching $793.8 million. This includes 10 companies in Ain Sokhna, investing $508 million, 8 companies in Qantara West, investing $285.8 million. These investments span textiles, garments, hygiene products, and other industrial sectors, and align with the SCZone's strategy to localize key industries, deepen value chains, and enhance export capacity. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream