Nine Chinese, Turkish companies to invest $41.6 mln in Ismailia Free Zone

This initiative aims to establish industrial projects across various fields: textiles, ready-made clothing, and protective sports apparel, as well as the manufacturing of heating and plumbing spare parts.

Heiba highlighted that these projects are expected to create approximately 16,000 direct job opportunities.

The move aligns with GAFI’s strategic plan to enhance the role of free zones in industrial activities and bolster the nation's export capacity, he added.

Moreover, he stressed that the influx of investments reflects an improved industrial investment climate in Egypt, driven by the government's efforts to simplify licensing processes and provide adequately serviced land for new ventures.

The newly established factories will focus entirely on export production, adhering to the Ministry of Investment and External Trade’s Investment for Export strategy.

The operational phase of these projects is anticipated to commence in 2026, marking a promising step forward for Egypt's economic landscape.