Chairman of the Suez Canal Economic Zone (SCZone) Yehia Zaki reviewed – during a meeting with 40 Egyptian ambassadors – the development in the investment climate in the zone over the past five years.
In a statement on Wednesday, he reviewed the works accomplished in the infrastructure, utilities, roads and tunnels which link the canal’s east and west.
He also reviewed available investment opportunities and the targeted industrial sectors in the industrial zones in Ain Sokhna and East Port Said which witnessed the launch of mammoth projects for promoting the localization of industries, reduction of imports and catering for the needs of local and regional markets.
The meeting falls within the framework of the efforts exerted by the Egyptian diplomats abroad to propagate for national projects in Egypt and encourage various foreign investments.
Zaki highlighted the national projects being carried out by the SCZone, referring to the naval services which will be secured in the coming year to magnify the benefit of the Suez Canal through which about 12 percent of global trade crosses.
He referred to investment incentives and the current development projects, especially in Ain Sokhna, East Port Said and El Arish.
He also reviewed the ambitious five year plan for 2020-2025.
The ambassadors tackled the messages which the SCZone should send to some international companies to lure investments in the industrial zones in addition to proposals on holding a conference to promote for the SCZone projects and intensifying visits by foreign investors.
They also tackled mechanisms of integrated cooperation between the SCZone and its counterparts in the world in addition to laying down a plan for promoting its ports’ competitiveness with other ports in the Red Sea and the Mediterranean Sea.
Discussion about this post