The Suez Canal Economic Zone (SCZone) has announced a substantial increase in revenues, reaching LE8.6 billion by the close of the third quarter of the 2024-2025 fiscal year (July 2024 – March 2025). This figure, disclosed during a recent board meeting, represents a notable 40 percent surge in Suez Canal revenues compared to the corresponding period in the previous fiscal year.
The SCZone board convened with the participation of the Ministers of International Cooperation, Petroleum, and Housing, alongside other high-ranking officials, to review the authority’s performance and strategic initiatives.
During the meeting, discussions centered on the endorsement of five new development projects situated in Qantara West and East Ismailia. These projects are anticipated to further bolster economic activity within the zone.
SCZone Chairman Walid Gamal Eddin also provided an overview of the authority’s promotional endeavors over the preceding 33 months. He highlighted the success of these efforts in attracting a total of $8.3 billion in investments across 272 projects, which are projected to generate approximately 40,000 employment opportunities.
The reported revenue growth and investment attraction underscore the SCZone’s continued significance as a key economic hub and its capacity to attract both domestic and foreign capital. The endorsement of new projects further signals a commitment to sustained development and job creation within the region.
