The Suez Canal Economic Zone (SCZone) received Soren Toder, Director General of the Foreign Trade Department of the Romanian Ministry of Economy, Entrepreneurship and Tourism, and George Petrosan, Head of the Commercial Office of the Romanian Embassy in Cairo.
The delegation discussed, according to a press release, enhancing means of cooperation, opening the way for Romanian investments in the region, and identifying the industries targeted by the economic zone in the coming period.
During this visit, Walid Gamal El-Din, Executive Director of the authority received the Romanian delegation to give them a detailed presentation of the authority’s ports overlooking the Red and Mediterranean seas, which serve four industrial zones, two of which are complementary, with investments injected into infrastructure, utilities, road and tunnel networks, and the establishment of power and water desalination plants, which were carried out by the Egyptian state at the cost of about $18 billion.
On the other hand, Gamal El-Din reviewed the importance of international trade agreements that strengthened the authority’s being an outlet for all global markets.
In his speech, he also touched on the main axes that the authority relies on in implementing its strategies by preparing the readiness of the ecosystem and determining the cost within a legal framework with many among the financial services and facilities, and the authority’s interest in implementing digital transformation in all systems of work with investors, especially ports and industrial zones.
On his part, George Petrosan stressed the importance of starting to implement an ambitious plan of action to establish more Romanian industries, inviting Romanian investors, and initiating serious steps for more fruitful cooperation in the industrial and investment fields, which could include wood and furniture industries.
The Romanian side was also keen to discuss the possibility of establishing a Romanian industrial zone in the economic zone of the Suez Canal, in addition to interest in knowing the plans and industries targeted by the zone in the coming period, and the logistical and financial facilities that the zone can grant for investment. Roman.
Finally, Toder invited a delegation from the Suez Canal Economic Zone to attend the Economic Forum in Romania at the end of February next year.