en.Wedoany.com Reported - Canadian company Avelon will build a $27 million industrial textile manufacturing plant in the East Port Said Industrial Zone, according to a statement from the Suez Canal Economic Zone (SCZone). The factory, covering approximately 24,200 square meters, will produce specialized materials for waterproofing, construction protection, soil reinforcement, and infrastructure, with all products to be exported to the U.S. and European markets.
Avelon's entry into the Suez Canal Economic Zone breaks the pattern of a previous influx of Chinese and Turkish companies focused on low-margin garment manufacturing, as Avelon brings high-value-added, specialized industrial inputs. The Canadian company is leveraging the direct integration of the industrial zone with the port to reduce supply chain costs and secure logistics advantages for its westward exports.
Dubai-based food packaging manufacturer Al Bayader International will invest 180 million dirhams to build a new manufacturing and logistics center in Dubai to boost local packaging capacity for Gulf Cooperation Council (GCC) clients, according to the Dubai Media Office. The project will integrate manufacturing, distribution, warehousing, and order fulfillment centers, and will also serve as the company's headquarters. Construction is set to begin in 2026, with full operations expected by early 2028. The facility covers 678,000 square feet and will be capable of producing up to 30,000 tons of packaging products annually. Future phases will gradually add production lines for aluminum-based and bio-based packaging solutions to serve regional and international markets.
Saudi low-cost airline flynas has added a sixth Saudi hub. The airline, in partnership with airport operator Cluster2, will launch new operations in July at Prince Nayef bin Abdulaziz International Airport in Qassim, according to a statement. The first phase will offer direct flights from Qassim to five destinations, including Istanbul, Trabzon, Cairo Sphinx International Airport, Abha, and Dammam.
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