Ahmed Soliman, chairman of El Salmany Group, announced that the company has launched a new phase of its ambitious expansion strategy, focusing on strengthening its presence in the metal manufacturing and supporting industries sectors through the establishment of several specialized factories within the Suez Canal Economic Zone’s free industrial zone. The expansion aligns with Egypt’s strategy to promote local manufacturing, increase exports, and attract industrial investments, Invest-Gate reports.

Specialized Manufacturing to Support Local Industry

Soliman explained that the group is prioritizing investments in high value-added industries, with a particular focus on specialized industrial fasteners. The first phase of the expansion includes the establishment of an advanced automotive fasteners factory that will manufacture products according to the latest international standards, supporting Egypt’s automotive localization strategy while enabling domestic manufacturers to rely on high-quality locally produced components.

The chairman added that the group also plans to establish a dedicated factory for producing fasteners and fixing components used in electrical and electronic appliances, which represent essential inputs for modern engineering industries. He noted that these projects will help reduce reliance on imports while supplying competitive products that meet the needs of both local and regional markets.

The Suez Canal Axis as a Strategic Export Platform

Soliman noted that the decision to invest in the Suez Canal Economic Zone’s Free Industrial Zone was driven by its unique strategic location and the exceptional logistical and investment advantages it offers, making it one of the most promising industrial hubs in the Middle East and Africa. He emphasized that the group aims to transform these investments into an export-oriented industrial platform serving Arab, African, and international markets.

“We believe that industry is the true engine of sustainable economic growth and that investment in supporting industries is a fundamental pillar for strengthening the national economy and enhancing the competitiveness of Egyptian products. We are working with a clear vision to build an integrated industrial entity that contributes to Egypt’s industrial development goals and export growth,” Soliman said.

Advanced Production, Employment Opportunities, and Sustainable Growth

Mohamed Samir, CEO of El Salmany Group, stated that the new projects represent a strategic step within the company’s long-term expansion plan, which focuses on specialized industries witnessing growing demand in both local and international markets.

Samir explained that the new factories will incorporate state-of-the-art production lines, automated manufacturing systems, and advanced quality control technologies to ensure that all products comply with international standards and remain competitive across global markets.

He added that the group is currently finalizing the technical and operational studies for the new projects in preparation for launching construction according to a carefully planned timetable designed to achieve maximum operational and production efficiency.

Samir also pointed out that the investments will generate benefits beyond their economic impact by creating direct and indirect employment opportunities while supporting technical training and workforce development programs that will prepare skilled industrial talent capable of keeping pace with the latest manufacturing technologies.

“We seek to build an integrated industrial ecosystem based on quality, innovation, and sustainability while supporting Egypt’s efforts to increase local content and deepen domestic manufacturing. We believe that the Suez Canal Axis provides the ideal environment to realize this vision thanks to its advanced infrastructure and globally strategic location,” Samir said.

Samir concluded by affirming that El Salmany Group continues to evaluate new investment opportunities across several promising industrial sectors with the aim of strengthening its position as one of Egypt’s leading national industrial groups while contributing effectively to the country’s economic growth and sustainable development.