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SCZone receives 8 requests to invest on 4 sqkm area

The General Authority for the Suez Canal Economic Zone (SCZone) has received eight requests from local and international companies to invest on an area of 4 sqkm. Mahfouz Taha, deputy head of the SCZone Authority, said that the companies that have requested allocating the land seek to establish petrochemical industry projects, as well as projects …

Mohamed Farag

Egypt's economy to grow 2.8%

SCZone, Russia consider launching investment project worth $7bn

A number of meetings were held between the General Authority for the Suez Canal Economic Zone (SCZone), the Egyptian Ministry of Trade, and the Russian economic delegation to implement an investment project worth $7bn in East Port Said which will provide about 35,000 jobs, said Abdel Kader Darwish, deputy head of SCZone. He added there …

Daily News Egypt

What are the incentives of the SCZone?

The SCZone has many investment incentives. The SCZone was established as an administration body with full authority over the Suez Canal axes with regards to all projects and activities within the geographical borders of the project, stepping above the governorates where these projects are. This eliminates government bureaucracy and gives investors the flexibility needed to …

Daily News Egypt