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How can the economic zone of the Suez Canal lead the development? - Daily News Egypt

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How can the economic zone of the Suez Canal lead the development?

Egypt relies heavily on the Suez Canal Economic Zone (SCZone) to drive the economic growth of the country, especially as it is an investment area of special nature, which gives it a competitive advantage compared to other areas of investment inside Egypt, as well as enjoying a geographical location, which gives it another competitive advantage, …


Egypt relies heavily on the Suez Canal Economic Zone (SCZone) to drive the economic growth of the country, especially as it is an investment area of special nature, which gives it a competitive advantage compared to other areas of investment inside Egypt, as well as enjoying a geographical location, which gives it another competitive advantage, but compared to areas outside Egypt.

and its geographical location makes it unique in comparison to other locations around the globe.

The region is an investment virgin, close to a large number of ports, whether overlooking the sea or the Mediterranean Sea, provided with a network of roads increasing the opportunity for investment, and has a law designed to facilitate investment and avoids government bureaucracy, which investors suffer from.

In the agriculture and fish farming sector there is a plan to grow 77,000 feddans east of the Suez Canal. On the industrial area, there is the Valley of Technology, which is based on 3,500 feddans. The first phase of the project was executed. There are also opportunities for investment in the packaging and processing of fish, as well as an area for ships and containers maintenance in Port Said and North West Gulf of Suez.

All these advantages and opportunities to invest in the economic zone of the Suez Canal, if we succeeded in exploiting them it may become the main development locomotive of the country in the coming years.

 

 

Topics: SCZone suez canal

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