SCZONE discussed the investment opportunities with major Belgian companies

Mr. Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), demonstrated the available investment opportunities, on the sidelines of the Egyptian economic delegation visit to Brussels to promote investment in Egypt and discuss the ongoing preparations for the investment conference scheduled to be held in Egypt this year. This was in the presence of the Prime Minister of the Belgian Flanders region and several representatives of commercial agencies in the three Belgian regions (Wallonia, Brussels, and Flanders) and major Belgian companies operating in many fields, including the new and renewable energy sector, green hydrogen, logistics and infrastructure, Belgian banks and the port of Antwerp.

” SCZONE represents the Egypt’s vision in achieving sustainable development and maximizing the use of the available resources, as SCZONE works to develop its capabilities, which are represented by 4 industrial zones that can accommodate various industrial and service sectors and 6 seaports on the Mediterranean Sea and the Red Sea. SCZONE is developing its affiliated ports and equipping industrial zones with a world-class infrastructure and linking them to modern road networks, in addition to the philosophy of integration that facilitated the movement of raw materials and final products to and from industrial zones. This readiness is what enabled the SCZONE to take the Lead in the green fuel field regionally and globally.” Mr. Waleid Gamal El-Dien, chairman of SCZONE, declared during his speech.

” SCZONE became a model for international economic cooperation through gaining the trust of many international investments that chose it to be a center for their expansion in various markets, due to its distinguished strategic location and the trained technical labor with a competitive cost, in addition to the availability of various energy sources. SCZONE enjoys the presence of a Chinese industrial zone, and many Indian, Turkish, and European investments, in addition to the great cooperation with major global consortiums in the fields of maritime transport, logistics, and green fuel. It was also able in the last 18 months to attract 90 industrial projects and 7 projects in its ports, with a total of 97 projects. With investments of $4.6 billion.” Mr. Waleid Gamal El-Dien, chairman of SCZONE, added.

It is worth noting that this visit by the Egyptian delegation to Brussels comes within SCZONE’s promotional plans for the fiscal year 2023-2024, as during the first half of the current fiscal year, 48 projects received final approvals with a total investment of $991 million. These projects were varied among the ready-made clothing, Textile, electrical appliances, chemical industries, logistics areas, etc. On the other hand, 42 projects received initial approvals with investments of $908 million. These investments included several countries, including China, Saudi Arabia, India, Turkey, Germany and Japan.