SC Zone to attract investments of $55bln in 15 years:Mamish

Suez Canal Economic Zone is set to attract volume of investments of $55 billion over 15 years, Mohab Mamish is the chairman of the Suez Canal Authority said.

This came during a conference organized by SC Zone on the side lines of a visit arranged by Federation Of Egyptian Industries for a Greek delegation.

He further noted that the value of the SC Zone’s investments currently exceeds $ 25 billion, with 100 service and logistics companies and 192 high-efficiency projects. The target is to attract investments worth $ 20 billion over the next five years.

Mamish added that the  SC Zone’s is built on an area of 461 square kilometers, as part of the urgent need now in Egypt to launch giant national projects to support the Egyptian economy for current and future generations.

The Suez Canal Economic Zone (SCZone) is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal. Strategically located on the main trade route between Europe and Asia, more than eight percent of global trade passes through every year.

the SCZone consists of two integrated areas, two development areas and four ports. The two integrated areas are:   Ain Sokhna with Ain Sokhna Port and East Port Said with East Port Said Port. While, The two development areas are Qantara West and  East Ismailia. In addition, The four ports include West Port Said Port,  Adabiya Port, Al Tor Port,  Al Arish Port.