Suez Canal Economic Zone revenues more than triple in 8 years

Revenues generated by Egypt’s Suez Canal Economic Zone (SCZONE) more than tripled over the past eight years, reaching 11.6 billion Egyptian pounds in fiscal year 2024/25 from 2.8 billion pounds in 2016/17, according to government data released on Tuesday.

The increase comes as Egypt seeks to attract more foreign investment, expand manufacturing capacity, and boost exports through the economic zone, a key component of the country’s industrial and logistics strategy.

The government said manufacturing, logistics, and renewable energy projects have accounted for a significant share of new investments and project inaugurations in the zone since the start of 2026.

Among recent developments are investments in industrial manufacturing, logistics infrastructure, and solar technology production, as authorities seek to position the SCZONE as a regional hub for industry and trade.

The government also highlighted ongoing upgrades at Ain Sokhna and East Port Said ports as part of broader efforts to strengthen the zone’s maritime and logistics infrastructure.

Industrial activity across the SCZONE has expanded steadily in recent years. Investments in the Sokhna Industrial Zone have reached $33.1 billion across 547 projects, supporting more than 133,000 direct jobs, according to government data.

The West Qantara Industrial Zone has attracted $1.5 billion in investments through 52 projects, while the Integrated East Port Said Industrial Zone has secured $367 million across seven projects. In East Ismailia’s Technology Valley, first-phase investments have reached $59 million through four projects.

Attribution: Amwal Al Ghad English