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Egypt's Suez Canal Economic Zone (SCZONE) has signed an agreement with Guide Group to develop a $63.9 million integrated industrial complex in Sokhna for electric vehicles (EV), lithium-ion batteries, and reverse osmosis (RO) membranes. The project will occupy a 70,000-square-metre site within Orascom Industrial Parks and is projected to create approximately 1,000 direct jobs.

The development will occur in three phases: the first phase, with a $13.6 million investment, will focus on manufacturing two-, three-, and four-wheeled electric vehicles. The second phase will establish lithium-ion battery production lines for in-house and external demand, while the third phase will focus on manufacturing RO membranes to promote environmental sustainability.