President calls for technology localisation in SCZone

Egyptian President Abdel Fattah El Sisi directed that the projects strategy in the Suez Canal Economic Zone (SCZone) focuses on channeling investments to localise technology, possess industrial capacity, create
job opportunities and maximise projects for the port system and marine services.
The president’s remarks came during his meeting with Prime Minister Moustafa Madbouli and the
Chairman of the General Authority for the SCZone, Yehia Zaki, Presidency Spokesman Ambassador
Bassam Radi said.
During the meeting, the president also called for integrating projects in the Suez Canal with the comprehensive development process nationwide in a way that would raise the classification of Egyptian seaports on the global map of maritime navigation and services.
For his part, SCZone Chairman Zaki presented the financial indicators regarding investment projects in the zone, and the ongoing efforts to enhance the authority’s investment returns through contacts with
foreign partners regarding various industrial areas that would be established there.
In the same context, Eng Zaki presented the developments of the ongoing development in the ports of Ain Sokhna and Arish, especially with regard to yards, silos, warehouses and docks. He also reviewed the
existing efforts to expand the container handling terminal for the Suez Canal Company and the establishment of a global centre for maritime services.
The executive plan for the integrated East Port Said region, which includes East Port Said Port, as well
as industrial and logistical zones and a multi-purpose terminal, was also reviewed.
Also discussed was the plan for the SCZone co-operation with major international automobile companies
to join the vehicle assembly complex to be set up in the industrial zone in East Port Said.

In another meeting with Chairman of the Suez Canal Authority (SCA) Lieutenant General Osama Rabie, President Sisi expressed appreciation for the successful management of the Ever-Given ship’s crisis in the
Suez Canal, which was carried out with pure Egyptian efforts and expertise. He also called for maintaining projects to develop the facilities of the SCA and its waterway as the most important artery for global trade.
The president said that developing the Suez Canal would enhance its unique strategic position in the
world.