Egypt targets $3.9bln in SCZone's investments in FY2023/24

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The SCZONE signed $15.6 billion worth of agreements with a number of Chinese companies for the establishment of 11 projects

Staff Writer, Arab Finance

November 23, 2023

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Egypt aims to attract foreign investments amounting to $3.9 billion for the Suez Canal Economic Zone (SCZone) during the current fiscal year (FY) 2023/2024, Executive Director of the SCZone Ahmed Saad told Asharq Business.

On the sidelines of the first Gulf-Egyptian Business Forum held in Cairo, Saad added that the SCZone attracted investments worth $1.3 billion in the first four months of the current FY.

Earlier this month, the SCZONE signed $15.6 billion worth of agreements with a number of Chinese companies for the establishment of 11 projects.

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