SCZone Signs $2 Million “Gheras Misr” Fertilizer, Agrochemicals Project in Sokhna

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal El-Din on Wednesday oversaw the signing of a new industrial project aimed at strengthening Egypt’s agricultural supply chain, as part of broader efforts to boost productivity, increase exports, and reduce reliance on imports.

The agreement marks the launch of the “Gheras Misr” project for the manufacturing of fertilizers, agricultural nutrients, and pesticides in the Sokhna Industrial Zone. The facility will be established within the jurisdiction of the Main Development Company (MDC), SCZONE’s development arm.

Spanning 15,000 square meters, the project will be implemented with Egyptian investments totaling $2 million (approximately EGP 94 million). It is expected to create around 70 direct job opportunities, with production scheduled to begin in early 2027. Once operational, the plant will have an annual production capacity ranging between 5,000 and 7,000 tons.

The contract was signed by Major General Waleid Youssef, Managing Director of the Main Development Company, and Dr. Waleid Abdel Rashid Bassiouni, Director of Gheras Misr for Fertilizers, Nutrients, and Agricultural Pesticides Manufacturing.

Speaking at the signing ceremony at SCZONE headquarters in the New Administrative Capital, Gamal El-Din emphasized that the project aligns with the authority’s strategy to promote promising Egyptian investments in vital sectors.

“We continue to enhance industries that support agriculture in order to increase the productivity of Egypt’s agricultural sector,” he said, noting that the initiative contributes to expanding exports and substituting imports.

He stressed that the Gheras Misr facility will directly reduce Egypt’s dependence on imported fertilizers and agrochemicals, reflecting SCZONE’s commitment to localizing national industries and developing domestic supply chains in strategic sectors.

At a time when global supply disruptions and currency fluctuations have placed pressure on import-dependent industries, officials view local production of agricultural inputs as a critical step toward strengthening food security and improving cost efficiency for farmers.

Gamal El-Din reiterated SCZONE’s commitment to providing comprehensive support for investors by offering an integrated investment ecosystem that includes administrative, logistical, and technical facilitation. Tailored service packages, he noted, are designed to accelerate project implementation and ensure efficient operations.

“These projects demonstrate our ongoing commitment to driving economic development in the region,” he said, underscoring the importance of enhancing both industrial and agricultural contributions to Egypt’s national industrial vision.

The Gheras Misr project represents a qualitative addition to the portfolio of Egyptian investments within the Suez Canal Economic Zone. While the zone has attracted significant foreign direct investment in recent years, SCZONE officials have increasingly highlighted the importance of empowering domestic investors to play a leading role in industrial growth.