Gamal El-Din: SCZone attracts 311 projects, $10.2 bln investments in 38 months

Walid Gamal El-Din, chairman of the Suez Canal Economic Zone (SCZONE), participated in the Egyptian-Bahraini Business Forum in Cairo. The event was attended by officials and business leaders from both countries, including Minister of Investment and Foreign Trade Hassan Al-Khatib and Minister of Finance Ahmed Kouchouk, as well as Bahrain's Minister of Sustainable Development Noor bint Ali Al-Khulaif and Minister of Industry and Commerce Abdulla bin Adel Fakhro.

During the forum's main session on "Investment Prospects and Growth Strategies," Gamal El-Din presented SCZONE's strategic vision. He highlighted its role as a national project and an integrated platform for investment, manufacturing, and logistics, thanks to its prime location on both banks of the Suez Canal, which makes it a key hub for global trade.

Gamal El-Din noted that SCZONE has seen a significant surge in investments in recent years. Over the past 38 months, 311 industrial, logistical, and service projects have been contracted across its industrial zones and ports, with total investments reaching $10.2 billion. He explained that since its establishment in 2015, the authority has implemented a phased plan, beginning with infrastructure development, followed by creating an attractive investment climate, and now focusing on localizing key industries and maximizing local value. SCZONE has successfully attracted investments from over 20 countries, bringing in capital, expertise, and modern technologies, which reflects global confidence in its capabilities.

Gamal El-Din affirmed that SCZONE has become a global industrial and logistics center, supported by six seaports and four major industrial zones operating at full capacity. He said the authority is targeting 21 diverse industrial and service sectors, including pharmaceuticals, automotive, railway feeder industries, textiles, and new and renewable energy. He added that the SCZONE offers a variety of incentives and facilities to investors, such as customs and tax exemptions, access to a trained workforce, and digital services through a one-stop-shop system to ensure a competitive and sustainable business environment.

The Egyptian-Bahraini Business Forum served as a platform to strengthen economic partnership between the two nations. It included B2B meetings between Egyptian and Bahraini business communities to discuss cooperation and investment opportunities, reflecting the deep fraternal relations and shared commitment to sustainable development between Egypt and Bahrain.

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