- May 27, 2025
- Posted by: Ahmed Abed
- Category: EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), participated yesterday in a round table entitled “SCZONE as a key attraction for investment”, on the sidelines of the Egyptian-American Economic Forum, held in Cairo, which supports strategic cooperation between Egypt and the United States at the economic and investment levels. The roundtable was moderated by Mr. Marwan El-Sammak, AmCham BoD Member, with the participation of Mr. Sameer Mubarak, Chairman of Nafith International, and the presence of executive leaders of SCZONE, and representatives of companies operating in the US market.
At the beginning of the roundtable, Mr. Waleid Gamal El-Dien gave a presentation on SCZONE, during which he discussed the most prominent competitive advantages of the zone, which include the integration between the zone’s industrial zones and its seaports on the Red Sea and the Mediterranean, and benefiting from free and international trade agreements, which allows making SCZONE an integrated industrial and logistical hub that translates the (Near-Shoring) concept by bringing manufacturing and production places closer to the target global markets, and also touched on the availability of labor training centers that allow the presence of trained labor to meet the qualifications of the various industries targeted to be localized inside SCZONE.
“SCZONE represents the solution for the world’s investors to overcome all the current geopolitical and economic challenges, with its global competitive elements such as strategic geographical location, the availability of energy sources and trained labor for a competitive fee. SCZONE pays great attention to cooperating with the US investors in all industrial and logistics sectors that SCZONE aims to localize. There are many industrial sectors available to U.S. companies, such as: pharmaceuticals and active pharmaceutical ingredients, high-tech industries such as data centers, electronic devices, as well as logistics and service activities to support the integration of global supply chains.” SCZONE Chairman declared
At the end of the round table, Mr. Waleid Gamal El-Dien answered a number of participants’ inquiries, which revolved around the most important features of SCZONES industrial zones of from each other, explaining that each zone aims to localize a specific number of industries, as SCZONE’s management carried out technical and marketing studies and in-depth feasibility studies on each industrial, logistical and service sector to reach a list of 21 different sectors between industrial, service and logistic targeted to be localized in SCZONE’s strategy. SCZONE Chairman also pointed out that each industrial zone is integrated with the ports to target specific markets around the world, which gives investors a diversity of choice based on the industrial sector in which investment is planned and the target market to be reached. H.E. also answered a question about labor training centers and specialized technical schools that qualify workers on specific industries that require special skills, pointing out that there is more than one training center and a specialized technical academy within SCZONE to qualify workers according to the latest international training standards and curricula that meet the various needs of investors, explaining that there is an investment opportunity to establish a number of these centers and academies specialized in qualifying labor, especially in the Qantara West industrial zone, due to the presence of labor-intensive projects in this zone.
