China’s Zenith Group to invest USD 300 mn in SCZone tire-component plant

Chinese steel manufacturer Zenith Steel is investing USD 300 mn in a Sokhna plant statement

The plant supports Egypt’s auto localization push. setting local-content requirements at 20% building in feeder-industry facilities Sailun’s USD 1 bn plant

REMEMBER- a USD 291 mn tire plant lining up a USD 190 mn facility a USD 2 bn tire export hub

Also from the SCZone

Kuwaiti logistics heavyweight Agility Logistics Park will invest USD 30-35 mn to build a 53k sqm regional distribution center in the SCZone statement Yanmu East Logistics Park

Why it matters: fully automated export system storage and re-export hub