Latest news with #E-Tabadul
Zawya
15-04-2025
- Business
- Zawya
Egypt: SCZone launches digital one-stop shop services to boost investor experience
Arab Finance: The Suez Canal Economic Zone (SCZone) has officially launched a set of digital one-stop shop services for investors, in collaboration with the European Bank for Reconstruction and Development (EBRD) and Egypt's Ministry of Planning and Economic Development and International Cooperation, as per a statement. The move marks the beginning of a wider rollout, with 80 digital services expected to go live over the next two years. The initiative aims to enhance governance, transparency, and business efficiency within the economic zone. Speaking at the launch event, SCZone's Chairman Walid Gamal El-Din said the zone is implementing a comprehensive digital transformation strategy that introduces modern tools to improve global competitiveness. He highlighted that the new investor platform will streamline administrative, financial, and service procedures, and will include real-time project tracking, data dashboards, a secure document archive, and a user-friendly investor portal. The SCZone's digital transformation also includes the logistics center launched under the Prime Minister's patronage, which automates customs and logistics procedures. These developments complement the industrial networking platform 'E-Tabadul,' designed to link manufacturers inside and outside the zone and support local supply chain integration. Minister of Planning and International Cooperation Rania Al-Mashat said the launch supports Egypt's efforts to improve the investment climate and strengthen the SCZone's role as a global logistics hub. She added that this step is part of the second phase of a national digital transformation program being implemented under the Egypt-EBRD Country Strategy (2022–2027). Al-Mashat noted that the broader program helps empower the private sector through financing, investment, and technical support, emphasizing that digital tools are essential for economic development. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
15-04-2025
- Business
- Daily News Egypt
Egypt's SCZone launches digital investor services with EBRD, ministry support
Egypt's Suez Canal Economic Zone (SCZone) has launched digital one-stop-shop services for its investors, developed in collaboration with the European Bank for Reconstruction and Development (EBRD) and Egypt's Ministry of International Cooperation, officials announced. The services aim to enhance business efficiency, transparency, and governance within the zone, reinforcing its role as a global logistics hub and investment destination. The initiative was formally unveiled during a ceremony at the SCZone headquarters in the New Administrative Capital, attended by officials from the SCZone, the Ministry of International Cooperation, and the EBRD. As part of this programme, the SCZone intends to digitise and streamline 80 key services over the next two years. Officials indicated this phased rollout is designed to offer current and potential investors more seamless interactions, reduced processing times, and an improved user-focused experience. This initiative aligns with the SCZone's broader strategic focus on digital transformation and fostering a sustainable economy. The newly introduced electronic services platform integrates several key functions. It includes a centralised Customer Relationship Management (CRM) system to facilitate real-time project tracking and support future investment opportunities. A Smart Operations Management system automates service applications, monitored by key performance indicators. Furthermore, a secure central Document Management System (DMS) is incorporated for the efficient processing, storage, and retrieval of investment-related documents. The platform also features Business Intelligence (BI) reporting tools, which provide customised dashboards to support data-driven decision-making. Investors gain access via an Investor Portal, a modern workspace enabling direct interaction with SCZone support teams, proposal submission, request tracking, and access to resources around the clock. Functionality is enhanced by an Integration Gateway, allowing smooth integration with internal and external databases, alongside secure and efficient online payment channels. Walied Gamal El-Din, Chairperson of SCZone, commented on the development. 'The Suez Canal Economic Zone is advancing a comprehensive digital transformation strategy that embraces modern concepts and tools, significantly enhancing our global competitiveness,' he stated. 'Today, we officially launched an integrated investor services platform designed to provide innovative digital solutions. This platform improves and simplifies administrative, service, and financial processes, automates procedures, manages documents, and includes an electronic portal for investors, along with reporting tools for decision-makers.' Gamal El-Din also pointed to the recent inauguration of the SCZone's logistics centre, which supports the automation of customs and logistics procedures. 'These technological platforms integrate with the Industrial Networking platform (E-Tabadul), connecting manufacturers within and outside the SCZone to promote industrial localization and supply chain integration,' he added, stating that 'this transformation reflects the Zone's unwavering commitment to leading digital excellence and fostering a competitive, business-friendly environment, aligning with Egypt's Vision 2030.' Rania Al-Mashat, Egypt's Minister of Planning and Economic Development, Minister of International Cooperation, and Governor of Egypt at the EBRD, also addressed the launch. 'The launch of digital one-stop-shop services for investors in the Suez Canal Economic Zone is a significant step towards solidifying the Zone's position as a premier global logistics and investment hub,' she affirmed. 'This initiative enhances the efficiency of services provided to investors and boosts the competitiveness of Egypt's investment climate
Zawya
11-02-2025
- Business
- Zawya
Egypt: SCZone reports 40% YoY leap in profits in 6 months
Egypt - The Suez Canal Economic Zone's (SCZone) income statement for the period from July to December 2024 revealed a 40% increase in net profit compared to the same period in 2024, as per a statement. The statement included an analysis of revenues generated from ports and other sources, highlighting the growth in total revenues since the establishment of the Authority. During a recent meeting, the Chairman of the SCZone Waleid Gamal El-Dein reviewed the results of promotional efforts from 2022 to January 2025. He stated that final approvals were issued for 255 industrial, service, and logistics projects, along with seaport-related projects, with total investments amounting to approximately $8.081 billion. Gamal El-Dein detailed the scope of these projects and the job opportunities they are expected to create. He further noted that the total number of companies established in the SCZone reached 366. Over the past period, 68 operating licenses and 131 building licenses were issued. Gamal El-Dein also presented the status of 10 contracted seaport projects, with total investment costs of around $1.509 billion. He highlighted the diversity of foreign investments and the role of international companies operating in the region. The Chairman provided updates on the construction progress of 12 projects in Qantara West from July 2023 to January 2025. These projects, with a total investment cost of $511 million, are expected to create more than 21,000 job opportunities. He also discussed plans for East Ismailia industrial area (Tech. Valley), aiming to establish a new urban community driven by investment, education, and research in high-tech industries. Regarding renewable energy, Gamal El-Dein reviewed the status of ongoing and proposed projects supporting the state's strategy to localize the renewable energy industry. He highlighted the authority's initiative to expand industrial companies with export capabilities, aiming to localize industries, achieve industrial integration, and boost exports. In the area of digital transformation, Gamal El-Dein outlined efforts to position the SCZone as a global industrial and investment hub through advanced technology and infrastructure. This includes the "SCZoneTrade" platform, which integrates operations, and the "E-Tabadul" platform, a national digital platform for connecting local producers and suppliers. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
