Latest news with #WaleidGamalEl-Din
Daily News Egypt
27-05-2025
- Business
- Daily News Egypt
SCZONE positions itself as strategic global investment hub amid global challenges
Waleid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), emphasized the zone's growing role as a global investment destination during a roundtable held as part of the Egypt–US Economic Forum in Cairo. The event aimed to enhance trade and investment cooperation between Egypt and the United States. Titled 'The Economic Zone as an Investment Destination,' the roundtable was moderated by Marwan El Sammak, board member of the American Chamber of Commerce, and included key contributions from Samir Mubarak, CEO of NAFAZ International, alongside US business leaders and SCZONE executives. In his remarks, Gamal El-Din outlined SCZONE's integrated development model, which links industrial zones to key ports on the Red Sea and Mediterranean. This strategic connectivity, combined with Egypt's extensive network of free trade agreements, positions the zone as a gateway for global trade and a fully integrated hub for industry and logistics. 'SCZONE offers a real solution for global investors seeking stability, opportunity, and access to international markets amid today's economic and geopolitical headwinds,' Gamal El-Din said. He highlighted the zone's competitive advantages, including a strategic location at the crossroads of major trade routes, abundant and accessible energy resources, and a cost-effective, skilled labor force supported by specialized training centers. The Chairperson also underscored SCZONE's commitment to deepening its engagement with American investors. He pointed to high-potential sectors such as pharmaceuticals and active pharmaceutical ingredients (APIs), advanced technology industries including data centers and electronics manufacturing, and a wide range of logistics and service-based opportunities that support global supply chains. During an interactive Q&A session, Gamal El-Din addressed investor inquiries regarding the structure and specialization of the zone's industrial areas. He explained that each zone is tailored to specific industries, guided by detailed technical, marketing, and feasibility studies. This approach has helped identify 21 priority sectors across industrial, logistical, and service domains. He further explained that SCZONE's ports and industrial zones are strategically aligned to support targeted export markets, offering investors customized solutions based on their sector and regional objectives. In response to questions on workforce development, Gamal El-Din noted the presence of multiple training centers and technical academies offering globally benchmarked curricula. He also mentioned ongoing efforts to establish additional facilities—particularly in labor-intensive areas like Qantara West—where demand for skilled workers is expected to grow significantly. 'By combining strategic infrastructure with tailored workforce development and sector-focused planning, SCZONE is building an environment where international businesses can thrive,' Gamal El-Din concluded.
Zawya
10-03-2025
- Business
- Zawya
China's Di Seta launches $40mln garment accessories project in Egypt's SCZone
Egypt - A groundbreaking ceremony was held on Sunday for the first phase of Chinese company Di Seta's garment accessories and ready-to-wear clothing project in the Qantara West Industrial Zone. The project, located within the Suez Canal Economic Zone (SCZone), represents a $40m investment for its initial phase. The ceremony was attended by Waleid Gamal El-Din, Chairperson of the SCZone, and Akram Galal, Governor of Ismailia, alongside Jason Yao, Vice President of Di Seta, a member of parliament for the Qantara region, and other SCZone and Ismailia Governorate officials. The two-phase project will occupy a total area of 83,000 square meters and is expected to create 1,200 direct jobs. Operations are scheduled to begin in September of this year. Gamal El-Din stated that the SCZone is making steady progress in attracting investment in targeted industrial sectors. He emphasized the zone's commitment to diversifying investments across its four industrial areas in Sokhna, East Port Said, Qantara West, and East Ismailia. Each area focuses on specific industrial sectors based on geographic location and availability of raw materials. He noted that the SCZone has so far attracted 15 projects to the Qantara West Industrial Zone, covering a total area of approximately 1.031 million square meters, with investments reaching $490m. These projects are expected to generate over 20,000 direct jobs. Gamal El-Din added that the Di Seta project represents a new chapter in the successful partnership between the SCZone and Chinese investments in the promising Qantara West region. He cited the SCZone's promotional efforts over the past 30 months, infrastructure investments, and digitisation of investor services as contributing factors to creating a favourable investment climate. He stated that the SCZone aims to transform the Qantara West Industrial Zone into a hub for textiles and garment industries, in addition to other targeted sectors, to meet local market needs, provide products with international quality, and boost Egyptian exports in line with the country's plan.
Daily News Egypt
09-03-2025
- Business
- Daily News Egypt
China's Di Seta launches $40m garment accessories project in Egypt's SCZone
A groundbreaking ceremony was held on Sunday for the first phase of Chinese company Di Seta's garment accessories and ready-to-wear clothing project in the Qantara West Industrial Zone. The project, located within the Suez Canal Economic Zone (SCZone), represents a $40m investment for its initial phase. The ceremony was attended by Waleid Gamal El-Din, Chairperson of the SCZone, and Akram Galal, Governor of Ismailia, alongside Jason Yao, Vice President of Di Seta, a member of parliament for the Qantara region, and other SCZone and Ismailia Governorate officials. The two-phase project will occupy a total area of 83,000 square meters and is expected to create 1,200 direct jobs. Operations are scheduled to begin in September of this year. Gamal El-Din stated that the SCZone is making steady progress in attracting investment in targeted industrial sectors. He emphasized the zone's commitment to diversifying investments across its four industrial areas in Sokhna, East Port Said, Qantara West, and East Ismailia. Each area focuses on specific industrial sectors based on geographic location and availability of raw materials. He noted that the SCZone has so far attracted 15 projects to the Qantara West Industrial Zone, covering a total area of approximately 1.031 million square meters, with investments reaching $490m. These projects are expected to generate over 20,000 direct jobs. Gamal El-Din added that the Di Seta project represents a new chapter in the successful partnership between the SCZone and Chinese investments in the promising Qantara West region. He cited the SCZone's promotional efforts over the past 30 months, infrastructure investments, and digitisation of investor services as contributing factors to creating a favourable investment climate. He stated that the SCZone aims to transform the Qantara West Industrial Zone into a hub for textiles and garment industries, in addition to other targeted sectors, to meet local market needs, provide products with international quality, and boost Egyptian exports in line with the country's plan.
