SCZone Chief Partakes in Canadian Arab Business Forum

Yahya Zaki, head of the Suez Canal Economic Zone (SCZone) participated on Wednesday as a speaker at the Canadian Arab Business Forum in Toronto, Canada, and organized by the Egyptian Embassy in Canada.

Zaki reviewed, according to a statement issued by the Egyptian Foreign Ministry, the most prominent investment opportunities that the authority provides to Canadian investors in the Suez Canal region, in light of its global attractions in terms of infrastructure and investment incentives in many areas such as logistics, textiles, petrochemicals, electric batteries and the automobile industry. pharmaceuticals, agribusiness, solar cells and building materials.

Ahmed Abu Zeid, the Ambassador of  Egypt to Canada stressed that the review of investment opportunities attracted the attention of representatives of the Canadian private sector participating in the forum, especially as Egypt provides an entrance for Canadian investors to the African continent.

Abu Zeid added that this participation comes at a time when the Egyptian-Canadian economic relations are witnessing a growing momentum, as Egypt occupies the first place as Canada's largest trading partner in Africa, and the second partner in the Arab world.

He pointed out that the two countries are witnessing more cooperation in a number of sectors such as mining, noting the persification of the Canadian investment portfolio in Egypt to include many areas such as financial services, infrastructure, petroleum, natural gas, and methanol production.