SCZONE to establish green energy industrial complex

Tue, 05 Dec 2023 - 01:32 GMT

Prior to the framework agreement, exhaustive technical and financial feasibility studies will be conducted to ensure the viability and success of the complex.

SCZone, EBRD sign consultancy agreement for Ain Sokhna seawater desalination project

Sun, 19 Nov 2023 - 09:15 GMT

The agreement was signed by Walid Gamal El Din, Chairman of the General Authority for the Suez Canal Economic Zone, and Khaled Hamza, Director of the European Bank for Reconstruction and Development office in Egypt.

SCZONE, China agree on 11 projects with $15.6B investments

Mon, 06 Nov 2023 - 12:32 GMT

During the tour, the chairman engaged in 12 meetings with various companies and conducted on-site visits to prominent factories and businesses in four cities: Hangzhou, Suzhou, Hefei, and Beijing

Japanese companies are looking forward to invest in SCZone’s region

Sun, 01 Oct 2023 - 04:23 GMT

During the meeting, the two sides also discussed cooperation in green energy projects, and supporting small and emerging projects

FM says Egypt seeks to scale up New Zealand's investments in SCZone

Wed, 20 Sep 2023 - 09:35 GMT

Foreign Minister Sameh Shoukry said Egypt seeks to scale up the volume of New Zealand's investments, particularly in the Suez Canal Economic Zone (SCZone), taking into account legislative incentives and positive developments in the investment environment in Egypt.

Egypt introduces infrastructure in SCzone to localize 5 industries

Thu, 07 Sep 2023 - 03:07 GMT

President Abdel Fatah al-Sisi was briefed Thursday on the executive status of investments in the Suez Canal Investment Zone (SCzone).

SCZone to set up a company to manage its investments

Sun, 06 Aug 2023 - 01:41 GMT

SCZone Istithmar will formulate strategic plans to manage SCZone’s current and future investments and set up joint development enterprises with the private sector.

SCZone signs $28M contract for establishing readymade garment factory

Wed, 19 Jul 2023 - 07:29 GMT

The factory covers an area of 83,000 square meters with a total investment cost of $40 million, of which $28.5 million is allocated for the first phase.

SCZone reveals significant growth in vessels and goods passing through southern ports

Sun, 16 Jul 2023 - 01:16 GMT

Egypt’s Ain Sokhna and Al Adabiya ports recorded significant activity during the final quarter of FY2022/2023, revealed new data by the Suez Canal Economic Zone (SCZone)

China’s TEDA and SCZone sign new project contracts worth $60M

Thu, 13 Jul 2023 - 04:04 GMT

Gamal El-Din stated that the new projects are the results of the continuous work and the strategic partnership between SCZONE and the Chinese investors

SCZone, China explore investment opportunities, highlights significant infrastructure investments

Mon, 10 Jul 2023 - 11:18 GMT

This meeting follows the recent signing of preliminary agreements between SCZone and Chinese companies for projects worth hundreds of millions of dollars during a roadshow in China

Egypt’s SCZone, Chinese companies sign $487 million deals in energy, textiles, petrochemicals, bromine in Ain Sokhna

Fri, 26 May 2023 - 04:45 GMT

Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El Dien announced the signing of $487 million agreements and contracts between a number of Chinese companies and the industrial developer TEDA-Egypt for establishing new projects in the industrial zone of Al Ain Al Sokhna.

SCZone, China Energy transform green hydrogen MOU to collaboration framework

Tue, 23 May 2023 - 04:51 GMT

The change is in line with the zone’s strategic efforts to encourage green hydrogen projects and foster partnerships in the renewable energy sector

SCZone committed to fostering co-op with Chinese investors, says SCZone chairman

Tue, 23 May 2023 - 03:02 GMT

He also expressed SCZone's commitment to fostering cooperation with Chinese investors. The forum aims to be a platform for dialogue and collaboration between the two countries

India's Flex invests $110M in polyethylene production in SCZone

Mon, 10 Apr 2023 - 03:05 GMT

The Suez Canal Economic Zone (SCZone) elaborated in a statement that the project is located on an area of 250,000 square meters, with a production capacity of 30,000 tons per month.

China's TEDA, Chen Cheng to build $2B-worth steel, cast iron pipe factory

Thu, 23 Mar 2023 - 11:15 GMT

Prime Minister Mostafa Madbouli held a meeting Wednesday with the representatives of China's TEDA and Chen Cheng to discuss their plan of establishing a $2-billion factory.

Egypt-TEDA seeks to implement 7 new projects worth $5B, says chairman

Wed, 22 Feb 2023 - 07:08 GMT

Speaking during a meeting with chairman of the Suez Canal Economic Zone (SCZone) Walid Gamaleddin, Liu said he has been working in Egypt for about 15 years now and considers it his second homeland.

Egypt’s president orders localizing industries of producing renewable energy

Mon, 16 Jan 2023 - 07:27 GMT

Egyptian President Abdel Fattah El-Sisi ordered localizing complementary industries for the production of new and renewable energy, including green fuel, in a meeting with officials on Monday.

Photos: Arish Port development plan to be concluded in 2024: Egypt’s SCZone

Sat, 14 Jan 2023 - 01:56 GMT

The Suez Canal Economic Zone (SCZone) announced on Saturday that the development plan of Al-Arish Port in northeastern Egypt will be concluded in 2024.

Port Said: World’s largest floating book fair starts receiving visitors

Fri, 06 Jan 2023 - 09:42 GMT

The Suez Canal Economic Zone (SCZONE) announced Thursday that the world's largest floating book fair "Logos Hope" started to receive visitors willing to get acquainted with its collection of international books.