Egypt’s President Abdel Fattah El Sisi called upon the government to maintain efforts to attract foreign investments to the Suez Canal Economic Zone(SCZone), especially those aimed at acquiring modern technology, possessing industrial capacity and creating job opportunities in a way that maximises the added value of Egyptian seaports on the Red and Mediterranean Seas.
The President’s remarks came during his meeting on Thursday with Prime Minister Moustafa Madbouli, Chairman of the General Authority of the Suez Canal Economic Zone Walid Gamal El-Din, Chairman of the Armed Forces Financial Affairs Authority Lieutenant General Ahmed El-Shazly and Chairman of the Armed Forces Engineering Authority Major General Ahmed Al-Azzazi, Presidency Spokesman Ahmed Fahmy said.
During the meeting, the President said that such efforts came as part of the state’s plan to enhance Egypt’s position as a regional industrial, commercial and logistics hub in a way that supports efforts to achieve comprehensive development nationwide.
In this context, the President was briefed on the executive situation of the ongoing investment projects and efforts to enhance them through the various industrial zones being established and operated in the area in co-operation with major international companies as well as various targeted industrial sectors, including the pharmaceutical industries, automotive industry supplies and electrical and engineering industries.
This comes in addition to efforts to localise new and renewable energy and green fuel projects, especially in light of the success of the process of bunkering container ships with green methanol in East Port Said Port, for the first time in Egypt, Africa and the Middle East.
