Total investments in SCZone reach $18B

CAIRO - 13 February 2022: Total investments in the Suez Canal Economic Zone (SZCone) amount to $18 billion so far, and contracts worth $10 billion have been signed, and are now being implemented, according to the Head of the SCZone Yahya Zaki.

 

 

Zaki confirmed that the economic zone seeks to become a destination for investors due to its great comparative advantages.

 

He explained that the economic zone includes 6 ports: Ain Sukhna, East and West Port Said, Adabiya, Arish, and El Tour, and 4 industrial zones: Ain Sukhna, East Port Said, West Qantara and East Ismailia, with a total of 460 million meters.

 

He added that the zone worked on preparing the infrastructure for ports to match international ports and maximize their competitiveness, as well as industrial zones in accordance with international standards.  This was evident in preparing to turn East Port Said Port into the first green port in Egypt, as a commitment from the SCZone to its plan to implement sustainability factors in order to achieve the state’s plan in this field.

 

 

Head of SCZone  added that the zone targets the field of green economy and its various industrial applications, such as the green hydrogen industry, which is one of the most important sources of clean energy globally, which attracts global investors.

 

He added that this stems from the potential of the economic zone, especially its distinguished location on both sides of the most important waterway in the world, the Suez Canal, which provides unprecedented opportunities to raise the competitiveness of the canal and turn it into a global center for supplying ships with green fuel.