en.Wedoany.com Reported - On July 14, 2026, the Suez Canal Economic Zone (SCZONE) signed a $14 million investment agreement with Turkey's Ukinox Manufacturing Company to build a stainless steel kitchen sink factory in the Sokhna Industrial Zone. The agreement was signed at SCZONE headquarters, with SCZONE Chairman Walid Gamal El-Din attending the signing ceremony.

The factory will be located in the Main Development Company (MDC) industrial zone, covering an area of 37,000 square meters. It is expected to create 220 direct jobs and is scheduled to begin production by mid-2028. Once operational, the annual production capacity will reach 1.2 million stainless steel kitchen sinks, targeting both the Egyptian domestic market and exports.

SCZONE stated that this investment will further expand the engineering industry cluster in the Sokhna Industrial Zone and strengthen Egypt's export-oriented manufacturing base. Gamal El-Din noted that the project reflects Sokhna's growing appeal as a regional manufacturing hub, leveraging its integrated infrastructure and proximity to Sokhna Port.

The investment aligns with Egypt's strategy to localize advanced industries, deepen local manufacturing, strengthen supply chains, and increase exports by leveraging SCZONE's strategic logistics platform. This agreement represents the latest foreign manufacturing investment in the Suez Canal Economic Zone, which continues to attract industrial projects focused on exports and regional supply chains.