Suez Canal economy:
With investments of $110 million, laying the foundation stone for the Indian Flex factory for the production of polyethylene in the industrial area
Walid Jamal Al-Din:
Promising cooperation between the Suez Canal Economic Zone and Indian investments in areas of common interest
Sokhna – Sunday 9 April 2023
Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, witnessed this morning the unveiling of the foundation stone for the Indian Flex-Egypt factory project, which specializes in the production of polyethylene (PET), in the industrial zone in Sokhna within the scope of the industrial developer Orascom for Industrial Zones. With investments amounting to 110 million US dollars, where the project is located on an area of 250 thousand square meters with a production capacity of 30 thousand tons per month, and it will be implemented in two phases over the course of two years…