SCZONE and Techno Bond Sign $50M Egyptian-Saudi Deal for Industrial Aluminum Complex in Sokhna
Mostafa Sheikhoun, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), attended the official signing ceremony of an Egyptian-Saudi joint investment contract with Techno Bond. The project involves establishing an advanced industrial complex dedicated to manufacturing various types of aluminum cladding panels and aluminum coils in the Sokhna Industrial Zone, with targeted investments reaching $50 million.
The facility is located within the development zone of the Main Development Company (MDC), spanning an area of 25,000 square meters. The initial investment phase is valued at $18 million, scaling up to the targeted $50 million as operational capacity expands.
The first phase of the complex is projected to create approximately 200 direct jobs, with Techno Bond aiming to commence commercial operations and manufacturing by the end of 2027.
The agreement was signed by Major General Walid Youssef, Managing Director of MDC, alongside Sheikh Abdulrahman Al-Shalawi and Dr. Kamel Al-Far, co-founders of Techno Bond, in the presence of senior SCZONE executives and corporate representatives.
Project Overview & Investment Breakdown
The table below outlines the primary specifications and investment milestones of the industrial complex:
Dimension / AspectDetails & Specifications
Project DeveloperTechno Bond (Egyptian-Saudi Joint Venture)
LocationSokhna Industrial Zone (Under Main Development Company - MDC)
Land Area25,000 square meters
Initial Investment Phase$18 Million
Total Target Investment$50 Million
Job Creation~200 direct jobs (Phase 1)
Target Production DateEnd of 2027
Core ProductsAluminum composite panels (cladding) and diverse aluminum coil products
Deepening Domestic Manufacturing Capabilities
Mostafa Sheikhoun affirmed that the Techno Bond project represents a valuable addition to the SCZONE’s growing industrial base, particularly given the broad commercial and architectural applications of its product portfolio.
He noted that the initiative directly aligns with the Authority’s strategic mandate to attract diversified manufacturing projects that:
Deepen local industrialization and localization of technical capabilities.
Maximize domestic value addition across downstream aluminum manufacturing.
Curb reliance on foreign imports while expanding export opportunities from the Red Sea hub.