The Suez Canal Economic Zone (SCZone) witnessed the opening ceremony of the CSCEC factory for manufacturing steel structures with investments of ¥87.4 million, according to a statement released by the Authority.

The factory is built on a 27,039 square meter plot of land. Its primary purpose is to produce steel structures, with an annual production capacity of 25,000 tons.

Additionally, the project aims to create employment opportunities for 200 individuals.

Chairman of SCZone, Walid Gamal El-Din, indicated that the factory was implemented within 8 months,  which reflects the success of the partnership between the economic zone and the industrial developer TEDA - Egypt.

This factory stands as a prominent venture in the realm of steel structure manufacturing.

It not only serves as a cutting-edge industrial hub but also holds a strategic position connecting three continents: Asia, Africa, and Europe.

This project will boost the growth of local manufacturing within Egypt, bolstering the country's industrial landscape.