SCZONE received a delegation from the US Embassy in Cairo to discuss aspects of cooperation

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), received at SCZONE’s headquarters in Sokhna, a delegation from the US Embassy in Cairo, to discuss aspects of cooperation in the industrial and commercial fields. The delegation included Mr. Scott Pozil, Minister Counselor for Commercial Affairs, Mr. Harry Kriz, Deputy Director of the Office of Economic Growth (USAID) in Egypt, and several economic officials at the embassy.

 *“SCZONE consists of 4 industrial zones and 6 seaports on the Mediterranean Sea and the Red Sea. Egypt’s vision aims to maximize the benefits of SCZONE’s capabilities by equipping it with a world-class infrastructure, in addition to the strategy of integration between ports and industrial and logistical zones, which provided a model to support supply chains and the movement of international trade and industry. Consequently, this readiness contributed to making SCZONE a futuristic hub for fuel industries, in addition to the strategic location and readiness of seaports that enabled it to provide ship’s bunkering services with fossil fuels and green fuels. SCZONE has various targeted sectors, including 21 industrial and service sectors, such as food, pharmaceutical, and automotive.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE declared.

 “With the diversity of incentives through direct and indirect financial incentives, and exemptions for exported goods, SCZONE became a center for international economic cooperation, as it provides a favorable environment for investment and encourages the business community, which led to the existence of many international partnerships that represent success stories and included cooperation in the industrial and logistical fields, as well as the fields of training technical workers, and digitizing investor services.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE added.

On the other hand, the delegation was delighted to visit SCZONE and inspect Sokhna Port’s expansion to increase its capacity, along with the various industrial and logistical centers. They appreciated the Egyptian government’s commitment to attract American investment and businesses to the Egyptian market. The delegation indicated their willingness to facilitate meetings with American companies, particularly those in the healthcare and medical device sectors. They also highlighted the launch of the “Prosper Africa” initiative, designed to bolster strategic and economic partnerships between the United States and Africa, starting with Egypt.

This meeting came after the inspection tour conducted by the delegation in the Sokhna Integrated Industrial Zone, which included a visit to Sokhna Port and its development works, in addition to visiting the Ecobat factory for manufacturing gypsum boards, the Siemens Training Center, the Seraj factory for manufacturing lighting devices, the Ateco Pharma factory for manufacturing sterilization supplies and medical solutions, the Egypt Green Hydrogen Factory, within the scope of the industrial developer (Orascom for industrial parks), and ٫”Kadmar” logistical center within the industrial developer El-Sewedy.