Egypt: SCZONE attracts $16bln investments from 28 countries in nearly 4 years

Arab Finance: The General Authority for the Suez Canal Economic Zone (SCZONE) attracted $16 billion in investments from 28 countries over the past three years and nine months, Chairman Waleid Gamal El-Dien revealed.

The chairman added that the authority’s investment volume reached $7.1 billion during the current fiscal year (FY) so far, compared to $4.4 billion in FY2024/2025.

His remarks came during a meeting with Mathias Cormann, the Secretary-General for the Organization for Economic Co-operation and Development (OECD).

This strong performance anchors the zone’s position as a leading regional and international industrial and logistics hub.

On April 30^th, the National Egyptian Railway Industries Company (NERIC) opened its first factory in the East Port Said Industrial Zone, part of the SCZONE, marking the 205^th facility within the economic zone.

This came one week after Prime Minister Mostafa Madbouly inaugurated nine new factories with total investments exceeding $180 million. Currently, a total of 172 factories are under construction.

The nine factories include the Modern Hygienic International (MHI) plant in the Ain Sokhna Integrated Industrial Zone, with total investments of $100 million. This is besides the HK Ding Chang Sheng Group Co., Ltd. factory for home textile production, with investments of $6 million.

The Pearl Polyurethane North Africa factory was also launched at investments of $3 million, along with the Borex Glass project, with investments ranging between $6 million and $8 million.

Madbouly also inaugurated the second phase expansions of the Ateco Pharma Egypt factory for intravenous medical solutions, with investments of $10 million.

The Sokhna Integrated Industrial Zone also witnessed the opening of the Green Recycle plant, with investments of $5 million, in addition to the New Sefloon factory at a cost of $2.5 million.