Investments of Egypt’s Suez Canal Economic Zone at $15bn in 5yrs – chairman

The total investments of Egypt’s Suez Canal Economic Zone (SCZone) recorded nearly $15 billion in five years, its chairman Yehia Zaki said on Tuesday.

Addressing a virtual investment forum organised by the Egyptian Businessmen Association (EBA) in cooperation with the Bahrain Businessmen’s Association, Zaki said over 220 companies covering various industrial sectors, have been established at the SCZone in the past five years.

Egypt’s national road network and the Cairo-Cape Town road project helped the SCZone to play a strategic role in promoting trade exchange between Egypt and other regional and African countries, Zaki added.

Zaki lauded the zone’s capabilities and strategic location, which, he said, will help provide an appropriate investment environment for investors.

The SCZone accommodates nearly 25 vital industrial sectors, such as agriculture, textiles, pharmaceuticals, logistics, information technology and automobile industry.