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SCZone Attracts Investments worth $8.3 Billion in 3 Years

Taarek Refaat Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) confirmed the authority's success in attracting investments worth $8.3 billion over the past three years. This came on the sidelines of concluding final contracts with Abu Dhabi Ports to develop a 20 million square meter industrial zone in East Port Said. Gamal El-Din also explained that the number of companies established in the economic zone has reached 387, with diverse foreign investments and the presence of a large number of Asian, European, and Middle Eastern countries. He noted that the authority has already succeeded in attracting international companies to establish projects in light of the industrial localization plan, such as new and renewable energy, electronics, pharmaceuticals, automotive components and spare parts, metal components, and other promising fields. Gamal El-Din continued: "Cooperation with the group will pave the way for strong partnerships that will open new horizons for the Abu Dhabi Ports Group's business." He emphasized that the ports of the Suez Canal Economic Zone are currently witnessing unprecedented development in their infrastructure, whether in terms of deepening quays, automating services, or enhancing their operational capabilities, in line with the highest international standards. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple