QAZAQ GREEN.  The Suez Canal Economic Zone (SCZONE) has launched construction on one of its most significant renewable energy projects to date — a $200 million integrated industrial complex for the manufacturing of solar energy components. The groundbreaking ceremony was attended by SCZONE Chairman Waleid Gamal El-Dien and senior representatives from the Chinese company Sunrev Solar, the project's developer.

Spanning 200,000 square meters in the Ain Sokhna Industrial Zone, the project will be implemented in two phases. The first, worth $90 million, includes the construction of two fully integrated factories for the production of solar cells and modules, each with a 2 GW capacity. The second phase, with $110 million in investment, will focus on localizing the production of key raw materials such as silicon ingots and wafers.

“This landmark investment reflects SCZONE’s strategic vision to localize advanced renewable energy industries and enhance Egypt’s position as a regional clean energy hub,” said Waleid Gamal El-Dien. “We’re proud to support a project that combines innovation, job creation, and sustainability.”

Once operational in 2026, the complex is expected to generate over 1,800 direct jobs and thousands of indirect employment opportunities. The project's location in Sokhna was selected due to its proximity to the port, advanced infrastructure, and investment incentives offered by SCZONE.

He Fei, Managing Director of Sunrev Solar, stated, “We’re bringing our most advanced solar technologies to Egypt. This collaboration reflects a blend of Chinese speed and Egyptian strategic vision to support the country’s green transition.”

The project aligns with Egypt Vision 2030 and the country’s strategy to transition toward a green economy by boosting renewable energy capacity and local manufacturing.