Egypt’s Suez Canal Economic Zone and Chinese firm Sunrev Solar commenced construction of an integrated solar energy components industrial complex in Ain Sokhna. Spanning 200,000 sq m and backed by a $200 million investment, the project will be developed in two phases. The first phase, valued at $90 million, will comprise two factories designed to produce 2 GW of solar cells and modules. The second phase, valued at $110 million, will localize the production of key raw materials, including silicon ingots and wafers.