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New expansions of Teda Egypt .. The Prime Minister is witnessing the signing of an industrial land development contract in Sokhna

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Wed July 16/2025 – 10:47 AM

















Dr. Mustafa Madbouly, Prime Minister witnessed this morning; The signing ceremony of the contract to develop and transfer the right to use a plot of 2.86 square kilometers within the scope of the industrial zone in Sokhna, affiliated with the General Authority of the Economic Zone of the Suez Canal, between the General Authority of the Economic Zone of the Suez Canal, the main development company MDC, and the TIDA Egypt for the Development of the Special Economic Zone, in the presence of the team, the entire engineer, the Deputy Prime Minister for Industrial Development, Minister of Industry and Minister of Industry and Transport.

The contract was signed during the ceremonies that took place at the government headquarters in the new city of El Alamein, Walid Jamal Al -Din, Chairman of the General Authority of the Suez Canal Economic Zone, Major General Walid Youssef, Managing Director of the Main Development Company (MDC), Woy Jin Cheng, Director General of Teda in China Africa and member of the Board of Directors of the Tida Egypt Group of Companies.

The signing of this contract comes in light of the end of the Teda Egypt company, from the work of developing and developing the area previously allocated to it, which amounted to 7 square kilometers, to become the total area allocated to the company is approximately 10 square kilometers within the industrial area of Sokhna, and this signature is an affirmation of the keenness of the Suez Canal Economic Zone’s keenness to support the plans of developing industrial lands and maximize the benefit from it through partnership with two developers Industrialists with experience, where the developer undertakes the project’s infrastructure business with total investments of $ 100 million, which contributes to attracting more diverse industrial investments, and achieving the authority’s targets in creating integrated and sustainable industrial societies.

Dr. Mustafa Madbouly stressed the importance of this cooperation in accelerating the pace of industrial development within the economic zone of the Suez Canal, in light of the capabilities and ingredients that the region possesses to be one of the most important manufacturing centers and logistical services in the region, explaining that the state is working to enhance the partnership with the local and foreign private sector in a way that promotes development and provides job opportunities, praising the success of the Suez Canal, the successes of the developers’ desire Industrialists working in more expansions.

Walid Jamal Al -Din explained that the signing of this contract represents a strategic step towards strengthening the development system within the integrated industrial Sokhna area, in the context of the authority’s endeavor to maximize the investment value of industrial lands and achieve the maximum benefit from the arrival infrastructure, noting that the partnership with the main development company and the company “Teda Egypt” opens the way for the implementation of an integrated development plan that is in line with the authority’s strategy to localize industries and deepen local manufacturing. Inside the economic zone.

He stressed that the new expansion of the company is a clear evidence of the great success that has been achieved during the past years within the framework of the fruitful partnership between the two sides, whether in terms of attracting investments or establishing an integrated industrial society within the scope of the economic zone, indicating that the authority continues to provide all facilities and facilities that ensure the continuity and sustainability of this success, which has become a unique model of fruitful economic cooperation and sustainable industrial development.

He pointed out that this expansion represents a new platform for localizing the targeted industries within the region, and also contributes to attracting more Chinese companies wishing to reach regional and global markets, especially since the economic zone has succeeded during the past three years in attracting Chinese investments exceeding 4 billion dollars, stressing that the mutual trust between the two sides and common goals paves the way to double this number during the coming period.

It is noteworthy that Teda Egypt is one of the most prominent industrial developers working within the economic zone of the Suez Canal, and has a long experience in developing industrial societies, as it has attracted over the past years a large number of Chinese and international investments, while the main development company (MDC) is one of the investment arms of the economic zone of the Suez Canal that works to develop and manage industrial assets.



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