Fotouh Al-Kuwait International has signed an agreement to build a new packaging materials factory in Egypt’s Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE). The project will cover 10,000 square meters and carry an initial investment of $1.7 million (around EGP 86 million).
The agreement was signed by Walid Yousef, Managing Director of the Main Development Company (MDC), and Ahmed Fathi, Director of Fotouh Al-Kuwait. The signing was attended by SCZONE Chairperson Walid Gamal El-Din.
“This project fits directly into our strategy to expand industrial activity that boosts local manufacturing and strengthens supply chains,” said Gamal El-Din. He emphasized that collaboration with experienced investors helps reinforce SCZONE’s role as a regional center for industry and logistics.
Gamal El-Din also highlighted that the factory’s location near Sokhna Port is expected to support its export focus—90% of its output is planned for foreign markets. He added that SCZONE’s continued investment in infrastructure and integration with Egypt’s transport network is central to its appeal to investors.
Fotouh Al-Kuwait is an Egyptian-Kuwaiti joint venture with more than 18 years of experience in distributing consumer goods. The company is partnering with a Chinese firm specializing in packaging technologies for this project.
The new facility is expected to create 30 jobs in its first phase, with potential for expansion as operations scale.
The move reflects growing interest in the Sokhna zone as a production and export hub, supported by proximity to key ports and the government’s push to attract manufacturing projects with long-term growth potential.