Egypt’s SCZONE in talks with Japan’s Sumitomo on new industrial zone

SCZONE Courts Japanese companies for industrial, green energy projects

By Aya El Sayed On Aug 19, 2025

SCZONE Sumitomo — Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), and the accompanying delegation met with Sumitomo Corporation, attended by Shohei Takenouchi, Assistant Head of Global Strategy and Coordination Department – Middle East and Africa Team, along with several business development executives from the company in Tokyo on Tuesday, August 19, 2025 (SCZONE Photo)

Egypt’s Suez Canal Economic Zone (SCZONE) said on Tuesday it held talks with Japan’s Sumitomo Corporation on establishing a new industrial zone – under the developer model – designed to attract Asian investment.

SCZONE Chairman Waleid Gamal El-Dien met Sumitomo executives on the sidelines of the Egypt–Japan Investment Forum, the authority said in a statement. The discussions also covered investment incentives, free trade agreements, and opportunities in green energy and infrastructure.

Talks included potential cooperation in ship bunkering using multiple fuel types and in the production of green hydrogen for export or use in green industries such as steelmaking. Sumitomo may also take part in infrastructure projects within SCZONE, including water desalination plants and a hydrogen service corridor, the statement added.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser