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Tuesday, 15 June 2021

SCZone investment strategy should focus on technological projects: Sisi

The President accentuated the importance of giving prior attention to incorporating port system and maritime services projects to run in tandem with an overall development scheme in the country

MENA , Ahram Online , Thursday 6 May 2021
Sisi
President Sisi with Prime Minister Mostafa Madbouly and SCZone Chairman Mohamed Yehia Zaki (Photo courtesy of the presidency)
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President Abdel-Fattah El-Sisi has asserted that the Suez Canal Economic Zone (SCZone) investment strategy should be technologically oriented with the aim of disseminating a digitalization approach across the various industrial sectors.

Presidential Spokesman Bassam Rady said the president instructed, during a meeting Thursday with Prime Minister Mostafa Madbouly and SCZone Chairman Mohamed Yehia Zaki, focusing on SCZone investments seeking to digitalize ventures and localize technology and manufacturing, with a view to upgrading industrial and technological capabilities and creating more jobs.

The President accentuated the importance of giving prior attention to incorporating port system and maritime services projects to run in tandem with an overall development scheme in the country, added the spokesman.

From his side, SCZone Chairman Zaki briefed the president on the latest financial indicators concerning the investment projects in the SCZone as well as current efforts to attract more foreign investments for planned industrial zones.

Zaki also discussed the latest updates to ongoing development projects of silos and docks in Ain Sokhna and El-Arish ports in addition to establishing a global centre for maritime services in both ports.

He also reviewed with the president the executive plan for developing the East Port Said port and establishing a car assembly plant in cooperation with major international carmakers in the East Port Said integrated industrial zone.

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