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SCZone Draws $8.3bn in Investments Over Three Years

Monday, 28 April 2025 19:10
SCZone Draws $8.3bn in Investments Over Three Years
  • The Suez Canal Economic Zone (SCZone) secured $8.3 billion in investments for 272 projects between 2022 and March 2025, with significant contributions to industries like renewable energy and pharmaceuticals.
  • The zone's strategic location, modern infrastructure, and commitment to digital services have made it a key hub for international investment, creating over 40,000 jobs.
  • The SCZone aims to further attract investments by improving logistics efficiency and transparency, partnering with entities like the European Bank for Reconstruction and Development (EBRD).

The Suez Canal Economic Zone (SCZone) in Egypt has successfully drawn in $8.3 billion for 272 projects between 2022 and March 2025, according to an announcement made April 27 via the Egyptian Prime Minister's Facebook page.

In a meeting with Prime Minister Mostafa Madbouly, Walid Gamal El-Din, head of the SCZone Authority, revealed that among these projects, 262 focus on industries such as manufacturing, services, and logistics. These initiatives are expected to create over 40,000 job opportunities. In addition, 10 projects are aimed at enhancing the country’s maritime ports. The investments come from international companies and target strategic sectors like renewable energy, electronics, pharmaceuticals, automotive parts, and metal components.

Furthermore, new investments totaling $47 million are set to be directed towards Egypt's silica mining industry and construction materials, which will lead to the creation of around 900 jobs.

The SCZone has worked tirelessly to strengthen its position as a global industrial and logistics hub by focusing on modernizing its infrastructure, improving logistical services, boosting regional and international competitiveness, and simplifying investment processes.

As part of its strategy to attract even more investment, the SCZone has focused on digitalizing services and improving transparency. A collaboration with the European Bank for Reconstruction and Development (EBRD) and Agility International is already underway to automate administrative procedures, making it easier for investors to engage with the zone.

The Suez Canal Economic Zone holds a critical position as a logistics hub that links the East with the West. Its strategic location connects three continents, and its integrated infrastructure provides valuable opportunities for international investors. Each year, 12% of global trade passes through the zone, underscoring its vital role in the global economy.

Between August 2022 and January 2024, the SCZone attracted investments worth $4.6 billion, further solidifying its status as a key economic player.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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