Egypt’s SCZone, Volkswagen partner for East Port Said car plant

Egypt’s Suez Canal Economic Zone (SCZone), Volkswagen signed a deal on Saturday with Egypt’s Suez Canal Economic Zone (SCZone) and the Sovereign Fund of Egypt to explore the establishment of a car assembly plant in East Port Said. The agreement was signed on the sidelines of the Egypt-EU Investment Conference.

This potential venture aims to boost local automotive production and strengthen economic ties between Egypt and Germany.