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All you need to know about the Suez Canal Economic Zone statement


During the first five years 2015-2020, the Suez Canal Economic Zone succeeded, in cooperation and coordination with the concerned authorities and institutions in the country, in meeting the investment requirements in it, and preparing it to receive capital, so what is the economic zone’s harvest so far.


s. How did the Authority manage to attract investments?

c. Through the development of the infrastructure of the industrial zones and their ports, which contributed to attracting new investments to them, its projects included 7 sub-electricity stations, two seawater desalination plants, 6 sewage treatment units, the establishment of 3 communication centers supported by a fiber-optic cable network, and a unit Reducing the pressure of natural gas, as well as the giant infrastructure projects implemented by the Egyptian state, in the areas surrounding the economic zone, to raise its efficiency and prepare it to achieve its goals, including the modern road and tunnel network.

s. What are the most important implemented road projects?

c. Among the most prominent efforts are the renovation of the old Ain Sukhna road "Wadi Hajoul", the construction of the "30 June Corridor", the "Qantara East Road", and the implementation of 4 giant tunnels under the shipping corridor of the Suez Canal.


s. What are the most prominent features of the Suez Canal economic zone strategy?

c. The authority develops a new strategy and vision commensurate with global economic changes and transformations starting in 2020 and ending in 2025, which is based on:

 

Creating new investment opportunities in the industrial and marine sectors.

Localization of priority industries.

Adoption of the integrated industrial clusters policy.

Maximizing the economic zone's role as a global logistics hub and hub in global supply chains.

Developing the work system in ports to attract investments and international shipping lines.

Develop an effective system to provide marine services and ship catering services.

Creating platforms for small and medium industries.

Establishing financial, commercial and service centers.

What are the industrial sectors targeted by the authority?

In line with the vision of the Egyptian state, the economic zone targeted specific industrial sectors that work to attract investments, including:

 

The petrochemical industry, which is concentrated in the industrial zone of Ain Sukhna, as it qualifies to be the most important global platform for the manufacture of petroleum products.

 

Manufacture of accessories for railway cars in the industrial zone in East Port Said to meet the needs of the local and regional market.

 

Marine and ship supply services in the six affiliated ports to maximize the added value of the services provided.

 

Diverse industries of textiles, electronics, solar panels, auto parts, as well as food industries.

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