Suez Canal Economic Zone plans Spain roadshow in Q4
Egypt’s Suez Canal Economic Zone plans (SCZONE) to begin a roadshow in Spain in the fourth quarter to attract investment in sectors including renewable energy, water desalination, and logistics, Chairman Waleid Gamal El-Dien said Thursday.
The initiative targets Spanish companies specialising in desalination membranes, ports, food processing, chemicals, automotive components, and engineering industries, as the zone seeks to expand foreign participation in its industrial and logistics hubs.
Gamal El-Dien said the SCZONE offers integrated port and industrial infrastructure, preferential trade access through free trade agreements, and streamlined procedures via a digital one-stop system. He added that access to energy and relatively low-cost skilled labour remain key advantages.
Spanish Ambassador Sergio Román Carranza Förster said the zone represents a strategic platform for Spanish firms seeking to expand in the region, noting growing interest from companies exploring investment opportunities along the Suez Canal corridor.
Egypt is positioning the SCZONE as a key gateway for foreign direct investment, leveraging its location on one of the world’s busiest shipping routes to support industrial growth and exports.
Attribution: Amwal Al Ghad English