$2 billion aluminium production complex in the Suez Zone, Egypt

China’s Henan Zhongfu Industrial plans to establish a $2 billion aluminium production complex in the Suez Canal Economic Zone, Egypt. The proposed facility will be located in East Port Said and will cover more than 1 million m2.

It is expected to create around 3,000 direct jobs. The project was discussed during a meeting between Prime Minister Mostafa Madbouly and the company’s chairman, identified in official statements as Cui Hongsong.

The meeting was also attended by senior government officials, including those overseeing economic policy and the economic zone.

Egypt’s government said it would support the investment, noting that it aligns with its strategy to expand heavy industry and promote export-oriented manufacturing. Officials said aluminium products are key inputs for sectors such as packaging, transport, and construction, and that the project could support downstream industries by supplying locally produced materials.

The facility is expected to manufacture products including aluminium sheets for beverage packaging, battery components, and materials used in the automotive, aviation, and railway sectors. Henan Zhongfu, which is listed in Shanghai and exports to dozens of countries, said the planned investment forms part of its broader international expansion.