Egyptian Prime Minister Mostafa Madbouly inaugurated four major industrial projects on Sunday with total investments exceeding $153m, marking a significant expansion of manufacturing capacity in the Suez Canal Economic Zone (SCZONE). Madbouly noted that the solar complex supports Egypt’s 2030 vision to become a regional hub for green energy. The Prime Minister also inaugurated the $20m Xin Jin integrated textile, printing, and dyeing complex. The 20,000-square-metre facility has an annual production capacity of 60m metres of fabric and 10,000 tonnes of yarn. Ahmed Antar, chairman of Mexicano, informed the Prime Minister that 70% of the factory’s output is exported, with a specific shipment currently being prepared for Jordan.

Source: Daily News Egypt January 11, 2026 15:42 UTC