Cairo – Mubasher: China-based Henan Zhongfu Industrial plans to establish a $2 billion aluminium production complex in the East Port Said Industrial Zone within the Suez Canal Economic Zone (SCZONE), according to a statement.
The facility will span well over one million square meters and is expected to create around 3,000 direct jobs in Sinai and Canal region cities.
Prime Minister Mostafa Madbouly discussed the joint venture with Henan Yulian Energy Group Chairman Cui Hongsong.
Madbouly affirmed that the government will support the project, which aligns with Egypt’s strategy to localize heavy industry and expand export-oriented manufacturing.
On his part, the group’s chairman said the facility will deploy advanced technologies to produce aluminum sheets for beverage cans, battery foils, and high-grade plates for the automotive, aerospace, and railway industries.
