Latest news with #OrascomIndustrialParks
Watani
2 days ago
- Business
- Watani
Turkish Hayat Egypt opens USD44m factory in SCZone
On 13 July, the foundation stone was laid for new production lines for the Turkish 'Hayat Egypt' factory for hygienic products in the Suez Canal Economic Zone (SCZONE) in Sokhna. Waleid Gamal El-Dien. Chairman of the General Authority of SCZONE attended the event. Also attending were Governor of Suez, Major General Tarek El-Shazly; Turkish Ambassador to Cairo, Salih Mutlu Şen; Şenol Keserlioglu, General Manager of Hayat Egypt; in addition to a number of SCZONE executive leaders, and representatives of the industrial developer Orascom Industrial Parks. At an investment of USD44 million, the factory is being built on an area of 30,000 sq.m in the Orascom Industrial Parks developer's zone inside the Sokhna Integrated Zone. The new expansions, which will create more than 400 direct job opportunities, will target the production of non-woven hygienic products. Some 75 per cent of the total production is allocated for export. Operating is expected to start in March 2026. 'SCZone has recently succeeded in attracting diverse investments in sectors targeted for localisation in Egypt,' Mr Gamal El-Dien said. 'The expansions of 'Hayat Egypt' add a new chapter to Turkish investments within the SCZone, which now number 18 companies in various sectors, most notably textiles and ready-made garments, and hygiene products. Their total investments have reached some USD793.8 million, including 10 companies in the Sokhna integrated zone with investments of USD508 million, and eight companies in West Qantara with investment costs of USD285.8 million. 'The Turkish expansions reflect the great confidence of investors in the investment climate within SCZONE. It comes as a result of vigorous promotional efforts SCZONE is exerting, and the massive investments it has injected to set up infrastructure and facilities according to the latest international standards. This in addition to the efforts to digitise the one-stop-shop services to improve investor experience and overcome the challenges they face.' Watani International 14 July 2025 Comments comments Tags: Mariam AdlyTurkish Hayat Egypt sanitary
Zawya
3 days ago
- Business
- Zawya
Hayat Egypt breaks ground on new production lines in Ain Sokhna with $44mln investment
Egypt - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), attended on Sunday the foundation stone laying ceremony for new production lines at the Turkish 'Hayat Egypt' factory for hygiene products. The expansion covers 30,000 square metres within the Orascom Industrial Parks development, located in the integrated Ain Sokhna zone under SCZONE's jurisdiction. Backed by a total investment of $44m (around EGP 2.2bn), the new lines will focus on manufacturing nonwoven hygiene products. Once operational—expected by March 2026—the project will create over 400 direct job opportunities, with 75% of output earmarked for export markets. The ceremony was attended by Tarek El-Shazly, Governor of Suez; Salih Mutlu Şen, Turkish Ambassador to Cairo; Şenol Keserlioğlu, General Manager of Hayat Egypt; and senior representatives from SCZONE and Orascom Industrial Parks. Gamal El-Din highlighted that SCZONE has recently succeeded in attracting a diversified portfolio of investments in line with its localisation strategy. He noted that the expansion of Hayat Egypt signals renewed Turkish investor confidence in the Zone. Today, 18 Turkish companies operate across SCZONE's areas, especially in textiles, ready-made garments, and hygiene products, with combined investments reaching about $793.8m. This includes 10 companies in the integrated Ain Sokhna zone with $508m in investments, and 8 companies in Qantara West with a further $285.8m. 'These expansions reflect strong trust from Turkish investors in SCZONE's investment climate,' Gamal El-Din said. He attributed this trust to SCZONE's intensive global promotion campaigns, major infrastructure upgrades built to international standards, and recent progress in digitising one-stop-shop services to better serve investors. Gamal El-Din also expressed hope for growing investment from a broader range of countries, supporting SCZONE's vision to localise and deepen industrialisation in targeted sectors and boost Egyptian exports. He stressed that Egypt's current political and economic stability, coupled with robust international relations, makes it an attractive destination for investors and strengthens its position as a global hub for industry and logistics services. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
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
Zawya
11-02-2025
- Business
- Zawya
Orascom Industrial Parks unveils new $139mln investment in Ain Sokhna
Egypt - Orascom Industrial Parks is intending to invest EGP 7 billion over 10 years to develop a new industrial zone in Ain Sokhna, CEO Amr El Batrik told Asharq Business, on the sidelines of the 11th edition of the Akhbar El Youm economic conference. El Batrik highlighted that the company will begin to offer the industrial zones in the new area to investors in the second quarter (Q2) of 2024, targeting complementary green industries to green hydrogen and exportable industries, especially to Europe and neighboring Arab countries. The CEO noted that investments of the factories spanning an area of 10 million square meters in in Ain Sokhna amounted to $12 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
