A Chinese investment of approximately USD 2.4 billion is anticipated for developing a logistics and commercial zone, along with a container terminal at Ain Sokhna Port.
The logistics and commercial zone will cover 3 million sq. metres, similar in size to the city of Yiwu in China, and is being developed with an estimated USD 2 billion.
The container terminal at Ain Sokhna Port will be developed with an initial investment of USD 400 million and a planned capacity of 2 million containers.
Jiangsu Provincial Port Group Co., Ltd. and Shanghai Huanshi Logistics Co., Ltd., will undertake the project, a statement published on the Facebook account of the Egyptian Cabinet Presidency said.
This momentum fits into broader investment activity in the Suez Canal Economic Zone, which announced in December that it would host three new industrial projects with a total investment of USD 1.15 billion, bringing total investments in the zone to USD 5.1 billion in the first six months of the 2025-26 fiscal year.
The newly released statement noted, “At the beginning of the meeting, the deputy prime minister for economic affairs emphasised the Egyptian government’s commitment to strengthening cooperation with China in various economic fields, noting that China is a strategic partner for Egypt.”
Walid Gamal El-Din, chairman of the General Authority for the SCZONE, said that Chinese companies are among the top investors in the SCZONE, and that he is ready to provide all the support required to companies that want to establish new investments in the economic zone.
Counsellor Mohamed El-Homsani, the official spokesman for the Cabinet, said that the meeting discussed several new projects by Chinese companies to be implemented in the Egyptian market, including within the SCZONE, the New Administrative Capital, and other industrial zones. El-Homsani added that the meeting also reviewed the Chinese Hurricane Group’s plan to establish a 100,000 sq. metre industrial zone.