Egypt-based Kemet Industries Group has signed a memorandum of understanding with Emirati-Chinese firm Al Qalaa Red Flag to invest up to $3.5 billion in three mega industrial projects, one of which is for manufacturing optical fiber cables.
A press release from the principals said that the projects will be located in the Ain Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE). The fiber optic plant will bolster Egypt’s expanding digital infrastructure sector, contributing to faster, more efficient high-speed networks.
Egypt has at least one major Egyptian-owned and operated fiber optic cable manufacturing plant: Elsewedy Communications Cables Factory, which opened earlier this year in 10th of Ramadan City. That plant was described as the largest telecom cables manufacturing facility in Egypt and the Middle East, producing both fiber optic and copper communications cables. Another fiber optic plant is run by Benya Cables, which operates in partnership with the Arab Organization for Industrialization and international technology partners. Benya, which is partly Egyptian-owned, is based in Egypt.
Al Qalaa Red Flag is a consortium with Emirati and Chinese ownership focused on industrial investments in Egypt. The other two “mega” projects are for manufacturing steel pipe factory and tires.





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