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). The centrepiece of the visit was the inauguration of the Elite Solar technology complex, representing an investment of $116m. Madbouly noted that the solar complex supports Egypt’s 2030 vision to become a regional hub for green energy. 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 12, 2026 07:06 UTC