Egypt: $18 million investment in fiber optic cable production

The General Authority of the Suez Canal Economic Zone (SCZone) has signed an agreement to produce 2 million kilometers of fiber optic cables per year for an investment of $18 million. There are also plans to add 21,000 m2 to the Hengtong factory located in the industrial zone developed by the Chinese company Tianjin TEDA Group, near the Egyptian port of Ain Sokhna on the Red Sea.

Source: Africa News Agency