The Japanese ambassador and a delegation from JICA visit SCZONE to discuss investment opportunities

Engineer Yahia Zaki, Chairman of the Suez Canal Economic Zone, received H.E. “Noke Masaki” Ambassador of Japan to Cairo and a delegation from the Japanese JICA to discuss investment opportunities in the zone as well as to provide technical support to SCZONE in various sectors.

The Chairman of Suez Canal Economic Zone expressed his happiness with the Japanese ambassador’s interest in visiting SCZONE, As he discussed the joint cooperation between the two sides, pointing out that the current investment situation in Egypt is the best time as it enjoys a good climate for investment, as well as the political leadership’s interest in encouraging serious investments.

During the meeting, Eng. Yahia Zaki explained a detailed presentation on the economic zone, for the past five years, what is happening now, and the targeted goals of SCZONE vision and strategy for 2020/2025. He also showed the incentives that SCZONE enjoys, especially the special rules for import and export and customs guide that contributes in facilitating the business climate.

Japan intends to further strengthen its relationship with the Suez Canal Economic Zone (SCZONE), according to Noke Masaki, Ambassador of Japan to Egypt.
“It is important that the Suez Canal Zone, is a strategic location for international maritime transport that connects Asia with Africa and the Mediterranean.” Noke said, “Japan intends to enhance its partnership with the Suez Canal.”
The ambassador’s remarks came during his visit to the industrial zone in Sokhna area at SCZONE. “The Japanese government is very interested in pushing Japanese investments in Egypt and focusing on investment opportunities in SCZONE” Noke announced.

This came during H.E site visit to the industrial developer (Suez Industrial Development Company) “SIDC”, where the ambassador visited Saraya project, the latest Japanese project in the Economic Zone that is under construction to establish a factory cluster on an area of 20,000 square meters and with direct investments amounting to $ 10 million, which will produce Japanese sterilization supplies and cosmetics in Egypt.

Published BY: SCZone