The signing of an agreement last April between Sunrev Solar, a Chinese giant in solar components, and the authorities of the Suez Canal Economic Zone (SCZONE) allowed Egypt to take a major step in the development of its green industrial infrastructure. This led, on June 17, 2025, to the execution of a project estimated at $200 million aimed at creating an integrated industrial complex in Ain Sokhna, covering an area of 200,000 m². It is part of the SCZONE’s dynamic, designed to accommodate large-scale industrial projects and strengthen the country’s energy sovereignty.
The first phase of the complex will include two factories: one dedicated to the production of solar cells and the other to the production of solar modules, each with a capacity of 2 gigawatts. The second phase will complete the entire value chain, with the localization of the production of strategic raw materials, such as silicon ingots and wafers. This configuration will allow Egypt to locally produce most of the components necessary for the solar industry, reducing its dependence on imports.
Present at the signing, Egyptian Prime Minister Mostafa Madbouly hailed the project as a catalyst for renewable energies and an industrialization lever. He highlighted the central role of SCZONE, which offers a conducive environment for strategic investments thanks to its port infrastructure, proximity to international markets, and attractive regulatory framework. Walid Gamal El-Din, president of SCZONE, emphasized that this project will create over 1,800 direct jobs and up to $300 million in annual export revenues.
The groundbreaking ceremony is scheduled for this Thursday, with operational start-up expected in the first half of 2026.
