Sisi meets Mamish to follow up SCZone’s progress in 2018

CAIRO – 27 May 2018: Egypt’s President Abdel Fatah al-Sisi met Saturday with Chairman of the Suez Canal Economic Zone (SCZone), Mohab Mamish, in the presence of the acting chief of the General Intelligence Service, Abbas Kamel.

During the meeting, Mamish said that the Suez Canal revenues increased 13.4 percent year-on-year in the first five months of 2018.

The international waterway's May revenues were the highest ever, recording 16 percent, compared with the same period a year earlier, he revealed.

Sisi issued directives to persist with the efforts exerted by the Suez Canal Authority and the General Authority for the Suez Canal Economic Zone (SCZone) with the aim of developing and improving the capabilities of the Suez Canal Authority, presidential spokesperson Bassam Radi said in a statement.

The president also underscored the importance of rallying the state institutions’ efforts in order to help complete ongoing projects in the SCZone and swiftly finalize infrastructure projects in the area.

Meanwhile, Mamish reviewed the latest developments with regard to developing the SCZone, Sokhna and Port Said ports, and building new tunnels under the canal, noting that the world's top-notch companies are keen to invest in the SCZone.

He also pointed out that Egypt and Russia signed on Wednesday an agreement to establish a Russian industrial zone on an area of 5.25 million square meters at the Suez Canal Corridor.