New Manufacturing Facility to Be Developed at SIDC within the Suez Canal Economic Zone
Orascom Industrial Parks has signed a strategic agreement with China’s Guide Group to establish a new industrial project within the Sokhna Industrial Development Complex (SIDC) in the Suez Canal Economic Zone. The agreement marks another milestone in attracting high-value manufacturing investments to Egypt.
Founded in 2009, Guide Group operates in more than 120 countries and specializes in new energy vehicles, energy storage, and photovoltaic technologies, with annual production capacity exceeding 5 million units.
Under the agreement, Orascom IP allocated a 70,000-square-meter land plot for the development of an integrated manufacturing facility. The project is expected to create approximately 1,000 direct job opportunities, while strengthening local supply chains and supporting the transfer of advanced technological expertise.
Guide Group will invest USD 13.6 million in the first phase, with total investments projected to reach USD 63.9 million by the end of the third phase. The project supports Egypt’s efforts to localize advanced industries and expand industrial exports, particularly in the fields of new energy technologies and high-tech manufacturing.
“Through partnerships such as this, Orascom Industrial Parks continues to enable strategic industrial investments that generate sustainable economic impact,” said Eng. Amr El Batrik, CEO of Orascom IP. “This agreement reflects growing international confidence in Egypt’s investment climate and reinforces Sokhna’s position as a regional hub for advanced manufacturing.”
By bringing advanced manufacturing and new energy technologies to Egypt, the project sets the stage for innovation-driven growth across the region.
