SCZone achieves record revenues worth LE3.69B: Mamish

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Sat, 27 Jul 2019 - 02:15 GMT

FILE - Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish

FILE - Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish

CAIRO - 27 July 2019: Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year, noting that the zone is working to maximize its revenues because it is considered as the driving engine for the development of the Egyptian economy.

In a statement by the SCZone on Saturday, Mamish pointed out that total revenues achieved by the zone in FY2018-2019 reached about LE3.69 billion while its net profit recorded LE2.198 billion.

The SCZone will sign new contracts with major local and international companies willing to invest in the economic zone in Ain Sokhna, a step that will help create new job opportunities for the Egyptian youth within two years.

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