Egypt is mulling over cooperation with a Chinese group to establish an integrated industrial complex in the Suez Canal Economic Zone (SCZONE), with planned investments of $2 billion.

Egypt-Saudi joint venture Techno Bond will establish an industrial complex to produce cladding panels and aluminum rolls in the Suez Canal Economic Zone (SCZONE), with targeted investments of $50 million.

Metallurgical Industries Holding Company, through its subsidiary Egyptalum, signed a partnership agreement with Trafigura Group to expand the production capacity of the aluminum complex in Naga Hammadi, with total investments of $900 million.

Egypt’s Prime Minister Mostafa Madbouly inaugurated the New Seflon factory for aluminum products and cookware in the Sokhna Integrated Industrial Zone, with total investments of $2.5 million, as part of his tour of projects under the General Authority for the Suez Canal Economic Zone (SCZONE).

Prime Minister Mostafa Madbouly met with Cui Hongsong, chairman of Henan Zhengfu, a subsidiary of Henan Aulian Energy Group, to review plans for a $2 billion aluminum manufacturing complex in East Port Said