Egyptian President Abdel-Fattah El-Sisi has ratified Law No.11 of 2019 pertaining to the budget of the General Authority for the Suez Canal Economic Zone (SCZone) after it was passed by the House of Representatives.

The law estimated the budget of SCZone for fiscal year 2019/20 at EGP 10.4 billion.

The law was published in the official gazette on Sunday.