China Launches Egypt's Largest Integrated Steel Industrial Complex with $1.65 Billion Investment
Foundation stone laid for Xin Feng Egypt for Steel's integrated industrial complex in Sokhna, with $1.65 billion investment, 9 factories, service centers, and over 8,000 direct job opportunities.
Mohamed Aboelsoud 
Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZon attended the foundation stone-laying ceremony for the first phase of the integrated industrial complex of "Xin Feng Egypt for Steel" in the integrated Sokhna zone affiliated with the authority.
This project is considered one of the largest industrial investments in the region, comprising nine diverse factories implemented over five years, in addition to two comprehensive service centers—one for research and development and another for solid waste recycling.
The project spans a total area of 3.75 million square meters, with investments estimated at $1.65 billion (approximately EGP 82.5 billion), and is expected to provide over 8,000 direct job opportunities upon completion.
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The first phase includes four factories: one for automobile brake disc components, another for household appliance components, a factory for standard fasteners (such as screws and bolts), and a factory for hot-rolled steel coils.
The second phase will add five more factories: one for aluminum and magnesium alloy auto components, another for steel structure equipment, a factory for brake drum components, one for construction machinery parts, and a cold-rolled steel coil production plant.
The ceremony was attended by several prominent figures, including Minister Counselor Jiao Li Xin, Commercial Counselor of the Chinese Embassy, and Tian Haikui, Chairman of Xin Feng Egypt for Steel, along with senior executives from the SCZone and the company.
In his speech during the ceremony, Waleid Gamal El-Dien emphasized that the Xin Feng integrated metal industries complex is among the most significant and largest industrial projects within the Suez Canal Economic Zone.
It reflects the success of partnerships between the SCZone and its investors, as well as growing confidence in the region's investment climate. He also highlighted the vital role played by the modern infrastructure and utilities provided by the authority, alongside strategic advantages such as the prime geographic location, access to energy, and availability of skilled labor at competitive rates.
He added that the SCZone is currently witnessing the simultaneous construction of around 140 factories, signaling growing industrial momentum. He noted that the Xin Feng project marks a key step in localizing the automotive and home appliance industries, contributing to supply chain integration for these targeted sectors, boosting Egyptian exports, and meeting domestic market needs.
