The Prime Minister visits a number of projects and factories in the Suez Canal Economic Zone

The Prime Minister visits a number of projects and factories in the Suez Canal Economic Zone

March 14, 2019
Dr. Mostafa Madbouli, Prime Minister, accompanied by Admiral Mohab Mameesh, chairman of the Suez Canal Authority and Suez Canal economic zone, and Dr. Sahar Nasr, Minister of Investment and International Cooperation, toured a number of projects and factories in the Suez Canal Economic Zone. They started by visiting the Gulf of Suez Development Company area which is one of the major developers in the region. It is working on developing an area of ​​5.2 km2 through 5 companies, employing an area of ​​3.9 km2 and providing a large number of jobs with 1560 jobs. This followed the visit to Sokhna Port.

 


The Prime Minister inspected the San Juan Misr Glass factory in Ain Sokhna within the Gulf of Suez Development Company area and inspected the various production stages. The company has the largest flat glass production line in the Middle East and Africa, with a production capacity of about 900 tons per day equivalent to 20 million meters annually; with French investments of 140 million euros, and total sales of about one billion Egyptian pounds. The company is currently seeking to introduce new investments in the economic zone of the Suez Canal to establish a production line for mirrors at a cost of up to eight million euros, to benefit from the regions investment incentives including its trade agreements, particularly the COMESA agreement in view of the company targeting African markets.

Dr. Mostafa Madbouli listened to an explanation about the company where it was noted that the San Juan Misr Glass line produces local market requirements of transparent, colored and reflective glass in different colors, with thicknesses ranging from 3 mm to 12 mm.

San Juan’s investments in Egypt have not stopped at the flat glass production line, but have added investments of about € 8 million to create the largest production line in the Middle East and Africa, in response to the local market needs of 6 million square meters annually. San Juan’s new line of mirrors opens in June 2019. It is worth mentioning that the glass panel factory in Ain Sokhna is owned by San Juan International Group, one of the largest 100 industrial groups around the world. It has 354 years of experience in providing innovative solutions to the needs of the building materials market that saves energy consumption in a manner that preserves the resources of the environment.

The Prime Minister expressed his admiration for San Juan’s serious investments resulting in this industrial building, which meets not only the needs of the local market, but also foreign markets.

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