The announcement followed a board meeting chaired by SCZone chief Walid Gamal El-Din at the authority’s New Administrative Capital headquarters, its second session for the 2025/26 fiscal year.
Gamal El-Din said the SCZone wrapped up 129 projects worth $4.4 billion in FY 2024/25, generating 31,200 jobs.
Since July, it has signed 26 more contracts in Sokhna and West Qantara worth $1.85 billion expected to create 21,800 jobs.
Over the past 38 months, the zone has attracted 334 projects worth $10.4 billion across its ports and industrial zones, including ventures in solar panels, tires, textiles, metals, and logistics. West Qantara alone has drawn 40 projects worth $1.05 billion, creating nearly 56,000 jobs.
SCZone also reported record revenues of EGP 11.6 billion in FY 2024/25, up 38 percent year-on-year and 11 percent above budget forecasts, with net profits jumping 51 percent to EGP 8.6 billion.
SCZone revenues had hit their all-time high of EGP 8.25 billion in FY 2023/2024, marking a 36 percent rise by EGP 6.07 billion, compared to FY 2022/2023.
The newly approved projects involve Chinese, Pakistani, and Turkish-Egyptian investors, including Changzhou Ramada (home textiles), SHUANFENG (apparel), Interloop Group (socks, denim, sportswear), Jiangsu Zhengyong (PVC flooring), and Sigma Egypt (container storage facilities).
The expansion comes as Egypt faces mounting pressure on foreign currency inflows after the Red Sea crisis slashed Suez Canal revenues.
The canal brought in just $4 billion in 2024, down from $10.2 billion in 2023—a 60 percent drop—as Houthi attacks on shipping in solidarity with Gaza against the nearly two-year-long Israeli genocide forced vessels to reroute around the Cape of Good Hope.
The Suez Canal Authority estimates it has lost around $8 billion in revenues in the 18 months since Israel’s war on Gaza began in October 2023.
Tourism and canal receipts are two of Egypt’s main foreign exchange earners.
Tourism revenues reached $13.6 billion in FY 2022/23, while Suez Canal receipts averaged over $700 million a month before the Red Sea disruptions.
The International Monetary Fund (IMF) has warned that the crisis is straining foreign currency flows, threatening to deter tourism, fuel shortages and inflation.
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