SCZone

SCZone, GTEZ sign coordination protocol across various sectors

Mon, 11 Mar 2024 - 12:20 GMT

The partnership seeks to enhance joint coordination between the two entities across multiple sectors, including industry, agriculture, mining, tourism, and services within their respective economic zones.

China explores plans for new industrial zone on the Mediterranean

Thu, 29 Feb 2024 - 08:29 GMT

One of the key points of discussion was the possibility of conducting trade transactions using the local currencies of both countries

Egypt, EU to cooperate across green hydrogen field

Mon, 19 Feb 2024 - 02:20 GMT

During the meeting, El Menshawy explained that the Egyptian government has made great strides in the field of green hydrogen, whether in terms of creating the appropriate environment for investments or entering into partnerships with major international companies

SCZONE's revenues increase to LE 4.3B in H1 2023-24

Wed, 07 Feb 2024 - 04:50 GMT

This represents an increase of approximately 70 percent compared to the same period in 2022, where the revenue was LE 2.6 billion

SCZONE inks $234M deals for five industrial projects

Wed, 24 Jan 2024 - 04:16 GMT

The total investment amount will be divided into LE 1.2 billion and $195 million

Chinese Vanward to invest $12M in new factory for household appliances in SCZONE

Thu, 18 Jan 2024 - 06:05 GMT

The factory, covering an expansive area of 26,000 square meters, is expected to create approximately 300 job opportunities

Localizing industry is a state priority: PM Madbouly

Thu, 11 Jan 2024 - 05:23 GMT

In a televised statement concluding his tour of the SCZone in Ain Sokhna, Madbouly highlighted its transformation into a trade hub with a focus on local industry

SCZone obtained $1.7B worth of industrial investments since Jan 2023, deputy chairman

Tue, 12 Dec 2023 - 03:02 GMT

This reflects the zone’s dedication to promoting stronger cooperation with China, which includes the TEDA Cooperation Zone, Abdel-Khalek noted

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.

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