In a significant development on Wednesday, the Suez Canal Economic Zone (SCZONE) marked the commencement of construction for Saint-Gobain’s third glass production facility alongside a solar power plant.
Situated within the Sokhna integrated industrial zone, the expansive factory spans an impressive 200,000 square meters and signifies a substantial investment totaling 175 million euros.
The solar plant’s objective is to generate 10 megawatts of electricity, contributing to a reduction in carbon emissions by an estimated 6,000 tonnes.
Mr. Waleid Gamal El-Dien, Chairman of SCZONE, conveyed his satisfaction with this pioneering venture, underlining the robust collaboration between SCZONE and French investments. He emphasized the factory’s alignment with Egypt’s ambitions to localize automotive industries and its pledge to export 60 percent of its production, thereby bolstering Egypt’s export targets.
Saint-Gobain, already entrenched within the Sokhna Integrated Industrial Zone with existing glass and mirror production facilities, continues to expand its footprint with this latest endeavor.