Egypt’s Suez Industrial Development Company (SIDC), an affiliate to Orascom Construction, is developing an industrial park over 8.7 million square metres at the Suez Canal Economic Zone (SCZone) in Ain Sokhna.
The industrial park is with investments worth around 65 billion Egyptian pounds ($3.8 billion), said SIDC’s chairman Amr El Batrik on Saturday. SIDC is one of the main developers at SCZone.
“The utility owner and developer (SIDC) has baan able to attract several foreign and local investors of around 60 industrial companies,” El Batrik added.
“We have provided 15,000 direct and indirect job opportunities,” he concluded.