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Business
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Economy
9/8/2024 5:31:30 PM
The Suez Canal Economic Zone (SCZONE) signed nine agreements for six projects with Chinese investors valued at more than $1.067 billion, according to a press release by the SCZONE on the sidelines of the Forum of China-Africa Cooperation (FOCAC).
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Business
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Markets & Companies
8/14/2024 6:21:46 PM
The General Authority for Suez Canal Economic Zone (SCZONE) in cooperation with the Turkish group Eroğlu Global Holding announced the launch of a $40 mln garments project in the West Qantara Industrial City.
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Business
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Economy
7/18/2024 5:52:02 PM
The revenues of the Suez Canal Economic Zone (SCZONE) hit its all-time high of EGP 8.25 billion in FY 2023/2024, marking a 36 percent growth by EGP 6.07 billion, compared to FY 2022/2023, SCZONE announced in a statement on Thursday.
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Business
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Markets & Companies
7/14/2024 10:01:42 PM
The Suez Canal Economic Zone (SCZONE) and Chinese company Zhejiang Hengsheng laid Sunday the cornerstone of the $70 million textiles and clothing factory in West Qantara Industrial City in Ismailia.
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Business
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Economy
1/23/2024 8:08:04 PM
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total, according to a Cabinet statement on Tuesday.
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Business
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Economy
12/28/2023 3:19:58 PM
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million in investments in the West Qantara Industrial Zone (WQIZ), according to a cabinet statement on Thursday.
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Business
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Economy
12/26/2023 7:03:42 PM
Egypt’s Suez Canal Economic Zone (SCZone) has received $1.85 billion worth of investments between 1 July and 25 December, the SCZone’s Chairman Walid Gamal El-Din stated on Tuesday, according to a cabinet statement.
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Business
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Energy
12/20/2023 3:07:59 PM
Egypt signed an agreement with Saudi Arabia’s utility developer ACWA Power to develop a green hydrogen project in the Suez Canal Economic Zone (SCZONE) with investments exceeding $4 billion, according to a Cabinet statement on Wednesday.
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Business
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Economy
12/11/2023 4:48:56 PM
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023, Ibrahim Abdel-Khalek, Deputy Chairman of SCZONE, said on Monday.
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Business
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Economy
12/6/2023 10:01:12 AM
Egypt’s delegation to the 28th UN Climate Change Conference (COP28), headed by President Abdel-Fattah El-Sisi, finalized crucial agreements, MoUs, and initiatives spanning green energy, climate action, and gender equality during the first week of the conference.
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Business
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Energy
12/5/2023 5:47:40 PM
The Egyptian Suez Canal Economic Zone (SCZone) has recently signed a strategic cooperation agreement with Egypt-based Injazat Company and Chinese CHINT Global, to establish an industrial complex for green energy within the SCZone, covering a substantial area of 2 million square metres, according to a statement on Tuesday.
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Business
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Energy
12/3/2023 5:34:30 PM
The Egyptian Suez Canal Economic Zone (SCZONE) and the Ministry of Electricity and Renewable Energy signed agreements with Norwegian energy company Scatec, and a group of international financial institutions including the African Development Bank (AfDB) and British International Investment (BII) to launch three green energy projects in Egypt.
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Al-Ahram Weekly
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Egypt
11/28/2023 10:10:15 PM
Chair of the Authority for the Suez Canal Economic Zone Waleid Gamal Eldien explains how the authority is providing an enabling environment for conventional and new industries and positioning itself as a hub for renewable energy to Niveen Wahish
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Business
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Economy
11/28/2023 6:29:19 PM
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Cabinet statement on Tuesday.
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Business
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Markets & Companies
11/27/2023 5:26:10 PM
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023, which surpasses the EGP 20 billion in profits achieved in 2022, Chairman Khaled Abbas said on Monday.
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Business
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Economy
11/6/2023 2:09:41 PM
The Suez Canal Economic Zone (SCZONE) signed $15.6 billion in agreements with Chinese partners for 11 manufacturing and green hydrogen projects on 4.9 million square metres, SCZONE Chairman Walid Gamal El-Din said in a statement on Sunday.
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Business
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Economy
10/18/2023 2:51:47 PM
Hengtong, China’s giant fibre optic cable manufacturer, will expand its factory in the China-Egypt TEDA zone with $18 million in investments, to produce two million kilometres of optic cables annually, under an agreement signed on Wednesday with the Suez Canal Economic Zone (SCZONE).
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Business
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Economy
10/17/2023 5:40:04 PM
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industrial projects with $2.75 billion in investments.
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Business
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Economy
10/17/2023 5:17:14 PM
Egypt's Suez Canal Economic Zone (SCZone) has signed energy agreements worth up to $14.75 billion, signalling a new era of green energy in the region, according to a statement by the Egyptian cabinet on Tuesday.
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Business
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Economy
10/12/2023 5:56:14 PM
The Russian government cancelled the project to build an industrial zone in Egypt's Suez Canal Economic Zone (SCZone), Russian news agency RIA Novosti reported on Thursday, citing an official legal document.
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