The second phase of the technical support and digital transformation program of the Suez Canal Economic Zone (SCZone) has been launched in collaboration with the European Bank for Reconstruction and Development (EBRD), Egypt’s International cooperation Ministry stated on February 23rd.
The move comes under the EBRD’s country strategy 2022-2027 for Egypt that promote efforts to bolster the private sector, green transformation, and sustainable growth.
International cooperation Minister Rania Al-Mashat said that the second phase of the program aims to simplify administrative procedures and speed up the management of investor services, launch a unified and automated window that provides services to investors, and develop an effective, competitive, and environment-friendly business environment.
It is worth noting that Egypt is one of the founding members of the EBRD, and in 2012 Egypt became a full-fledged operations country, and since that date the bank has pumped investments estimated at €10 billion in approximately 160 projects.
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