CAIRO – 13 October 2024: Chairman of the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, announced that 200 Chinese companies are now operating within the zone, covering various sectors. During a meeting with a delegation from the Jiangsu Federation of Industry & Commerce (JSFIC), El-Din highlighted that recent promotional efforts in China led to the successful attraction of new investments totaling over $1.067 billion.
The meeting focused on strengthening cooperation and introducing the Chinese delegation to the diverse investment opportunities in SCZone, spanning 21 sectors ranging from industrial to logistical, with the aim of drawing more companies from Jiangsu Province to invest in the zone.
El-Din further revealed that SCZone’s revenues reached LE 8.245 billion during FY 2023/2024, with LE 5.932 billion of that revenue denominated in dollars, accounting for 72 percent of the total.
He noted that the zone's revenues surged to approximately LE 8.5 billion by the end of the fiscal year, marking a 205% increase compared to LE 2.76 billion in FY 2016/2017.
These developments were discussed in a follow-up meeting between El-Din and Prime Minister Mostafa Madbouly, focusing on SCZone’s recent performance and growth.
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