President Abdel Fattah El-Sisi viewed a presentation via video conference showcasing several successful new factories from the private sector during Labor Day celebrations in Suez.
Among them was Arco Steel, described by its managing director as the only specialized steel producer of its kind in the Middle East. The company has added two production lines for wires used in railway sleeper manufacturing, with a current capacity of 25,000 tons annually. The project covers 20,000 square meters and involved investments of EGP 500 million.
The company plans to expand with 28 additional lines on 165,000 square meters, investing EGP 6 billion and creating 1,500 jobs next year. Once complete, the factory will produce 400,000 tons of prestressed and stranded wires annually, enabling full local production of railway sleepers.
The company is also working on a cold-rolled and galvanized steel complex with a capacity of 350,000 tons per year to support the automotive and appliance sectors and reduce import dependence.
Dr. George Magdy, Director of Sales and Marketing at PharmaPlast, presented details of the company’s new medical supplies factory in Borg El Arab during the Labor Day celebration attended virtually by President Abdel Fattah El-Sisi.
He said the factory is the first in Egypt, Africa, and the Middle East dedicated to producing advanced dressings for bedsores, diabetic foot ulcers, and chronic wounds.
The plant was built with EGP 400 million in investments on a 7,500 square meter site and includes eight production lines. Thirty-two new wound care products have been registered with Egypt’s Drug Authority at international standards.
The new facility joins a group of 11 factories operating in the Amreya Free Zone, contributing to reduced import costs for Egypt.
Currently, 70% of production is exported to 85 countries, generating $60 million in annual exports, with expectations to reach $80 million after expanding into U.S. and African markets.
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