Egypt’s SCZone attracts $6.3bn investments in 14 months

Egypt’s Suez Canal Economic Zone (SCZONE) drew $6.3 billion in investments across 155 projects over the past 14 months, generating more than 53,000 direct jobs, its chairman Waleid Gamal El-Dien said on Monday.

SCZONE finalised 129 projects worth $4.4 billion in fiscal year 2024/25, adding 31,000 jobs, it said in a statement following the board’s second meeting for the 2025/26 year. From July to mid-September 2025, the zone approved a further 26 projects worth $1.85 billion in Sokhna and Qantara West, creating another 21,832 jobs.

Since Gamal El-Dien took office 38 months ago, SCZONE has attracted 334 projects worth $10.4 billion, including $8.9 billion in 323 industrial projects and $1.5 billion across 11 port ventures, together employing nearly 100,000 people.

Investments span tyres, solar panels, textiles, ready-made garments, and metal industries, as well as logistics and services. The zone also saw its first projects in East Ismailia’s Technology Valley, while West Qantara hosted 40 projects worth $1.05 billion, providing nearly 56,000 jobs.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser