The Suez Canal Economic Zone attracts hundreds of industrial projects

The Media Center of the Egyptian Cabinet confirmed that the economic zone of the Suez Canal managed to collect investments of about 10.2 billion dollars. The center stated that Walid Jamal Al -Din, head of the General Authority for the Economic Zone of the Suez Canal, announced the conclusion of 311 industrial, logistical and service projects during the past 38 months, within the industrial areas and ports of the economic zone, with a total investment of about 10.2 billion dollars.

These projects include various sectors such as: heavy industries, petrochemical, cars, textiles, and renewable energy, in addition to logistical services, storage and distribution, which reflects the great confidence that the region enjoys as an attractive destination for investors at the regional and international levels. Earlier, Jamal Al -Din confirmed his constant aspiration to attract more foreign direct investments, with a special focus on investments Chinese, especially after the great success achieved by the promotional tour of the economic zone in China last month. This tour witnessed the signing of 6 new projects in the textile and ready -made clothes sector, as well as protocols of understanding with a number of leading Chinese companies, in preparation for the implementation of future projects in the areas of manufacturing and logistics. He pointed out that there are several promising projects under negotiation, expected to contribute to enhancing industrial cooperation Between Egypt and China, the opening of new horizons for export to the African and European markets through Egypt’s strategic website.
(Russia today)