SCZone Attracts Investments worth $8.3 Billion in 3 Years

Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) confirmed the authority's success in attracting investments worth $8.3 billion over the past three years.

This came on the sidelines of concluding final contracts with Abu Dhabi Ports to develop a 20 million square meter industrial zone in East Port Said.

Gamal El-Din also explained that the number of companies established in the economic zone has reached 387, with diverse foreign investments and the presence of a large number of Asian, European, and Middle Eastern countries.

He noted that the authority has already succeeded in attracting international companies to establish projects in light of the industrial localization plan, such as new and renewable energy, electronics, pharmaceuticals, automotive components and spare parts, metal components, and other promising fields.

Gamal El-Din continued: "Cooperation with the group will pave the way for strong partnerships that will open new horizons for the Abu Dhabi Ports Group's business." He emphasized that the ports of the Suez Canal Economic Zone are currently witnessing unprecedented development in their infrastructure, whether in terms of deepening quays, automating services, or enhancing their operational capabilities, in line with the highest international standards.