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Makhlouf meets investors to discuss cooperation

Businessmen Team economy 12 June 2025 11:57 PM
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Makhlouf meets investors to discuss cooperation

Engineer Asmaa Makhlouf, Chairperson of the New Suez City Development Authority, received a group of investors from the New Suez Industrial District to discuss areas of cooperation at the Authority's headquarters. The meeting was attended by a representative of the Industrial Development Authority and several Authority leaders. This follows the directives of Engineer Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, regarding the activation of the principle of partnership between agencies and investors to support the investment environment in new cities.

Makhlouf began the meeting by presenting a summary of the most prominent infrastructure achievements serving the industrial sector. These include: improving the efficiency of water transmission lines to ensure continuous service to factories and facilities; rehabilitating and upgrading internal roads in the industrial district; planting more than 3,500 trees in the industrial district as part of an integrated beautification and environmental improvement plan; and offering operations and maintenance of lighting and sanitation networks to provide a suitable and attractive work environment for investment.

She also reviewed the recently launched housing projects, including the first phase of free housing units, with the application period extended until June 15, 2025, which provides units with high standards of comfort and luxury.

During the meeting, Makhlouf listened to the investors' comments and invited them to visit the first phase of the city to gain a closer look at its landmarks and the strategic location that makes New Suez City one of the most important development hubs east of the Canal.