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SCZone, Russia consider launching investment project worth $7bn

A number of meetings were held between the General Authority for the Suez Canal Economic Zone (SCZone), the Egyptian Ministry of Trade, and the Russian economic delegation to implement an investment project worth $7bn in East Port Said which will provide about 35,000 jobs, said Abdel Kader Darwish, deputy head of SCZone. He added there …

Daily News Egypt

What are the incentives of the SCZone?

The SCZone has many investment incentives. The SCZone was established as an administration body with full authority over the Suez Canal axes with regards to all projects and activities within the geographical borders of the project, stepping above the governorates where these projects are. This eliminates government bureaucracy and gives investors the flexibility needed to …

Daily News Egypt

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, …

Mohamed Alaa El-Din

Nasr, Hutchison Ports discuss investing in maritime transport projects

Minister of Investment and International Cooperation Sahar Nasr met with officials from the Chinese company Hutchison Ports. The minister said that Egypt has promising investment opportunities in the Suez Canal Economic Zone (SCZone), where the government will put forward many projects in several industrial fields for international investors. She explained that the SCZone includes establishing seven …

Daily News Egypt