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Business
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Economy
9/20/2023 4:02:14 PM
Egypt's Main Development Company for the Suez Canal Economic Zone (SCZONE) signed a contract with Rolling Plus for chemical industries to build a tyre manufacturing plant for passenger cars and light and heavy vehicles with €1 billion ($1.07 billion) investments in Ain Sokhna, read an official statement on Wednesday.
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Business
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Economy
9/14/2023 1:24:52 PM
Egypt's Suez Canal Economic Zone (SCZone) revenues hit a record high of EGP 6.065 billion in FY2022/2023, which ended in June, the SCZone said in a statement on Thursday.
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Business
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Economy
9/13/2023 5:28:12 PM
The Egyptian Cabinet announced in a statement on Wednesday the approval of building a $1 billion steel industrial complex extending 1.5 million square meters in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
8/27/2023 10:51:34 PM
Egypt Cady Textile Company started the construction of a 145,500-square-meter eco-friendly clothing and textile factory in the TEDA-Egypt zone within the Suez Canal Economic Zone (SCZone) on Sunday, according to a Cabinet statement.
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Egypt
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Politics
8/13/2023 9:35:38 PM
Egyptian President Abdel-Fattah El-Sisi has reappointed Lieutenant General Osama Rabie as the Chairman of the Suez Canal Authority (SCA) for another one-year term, effective Saturday 12 August.
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Business
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Economy
8/9/2023 5:52:16 PM
The Egyptian government has signed a preliminary agreement with the Indian renewable energy company Ocior to invest $4 billion in green hydrogen projects in the Suez Canal Economic Zone (SCZone).
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Business
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Economy
8/3/2023 10:06:45 PM
The Suez Canal Economic Zone (SCZone) will launch an investment company named SCZone Istithmar Company after receiving approval from the Egyptian Cabinet, according to an official statement released by SCZone on Thursday.
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Business
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Economy
7/24/2023 4:33:29 PM
Japanese manufacturer Torishima is set to build a pump production centre in Egypt's Suez Canal Economic Zone (SCZone) extending over 30,000 square metres with $5 million in investments, read a cabinet statement on Monday.
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Business
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Economy
7/13/2023 6:29:00 PM
The Suez Canal Economic Zone (SCZONE) has signed a series of agreements for investment projects worth $60 million in the China-Egypt TEDA Cooperation Zone and New Administrative Capital, according to a statement on Wednesday.
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Egypt
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Urban & Transport
7/10/2023 5:46:38 PM
Egypt’s Suez Canal Economic Zone (SCZone) announced the first successful fueling of a container ship in the Port of Ain Sokhna as the zone launches more fueling service for ships in several ports.
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Egypt
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Urban & Transport
7/2/2023 5:27:03 PM
The Suez Canal Economic Zone (SCZONE) announced the first successful fueling of a container ship in West Port Said port in a statement on Sunday.
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Business
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Markets & Companies
6/24/2023 3:31:16 PM
Bajaj Auto, India's largest manufacturer of two and three-wheel vehicles, has expressed interest in expanding operations in Egypt, as per a press release by the Suez Canal Economic Zone (SCZONE) on Saturday.
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Business
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Economy
6/20/2023 7:42:21 PM
The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant in Sokhna within the Suez Canal Economic Zone (SCZONE).
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Business
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Economy
6/17/2023 9:56:44 AM
United Arab Emirates leader Sheikh Mohamed bin Zayed Al Nahyan probed, in a meeting with Russian President Vladimir Putin on Friday, the possibility of establishing trilateral cooperation with Egypt in the Russian Industrial Zone project located in Egypt’s Suez Canal Economic Zone.
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Business
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Economy
6/8/2023 7:14:02 PM
The Board of Directors of the Suez Canal Economic Zone (SCZone) has approved a series of projects, with international partners, in the fields of manufacturing, green hydrogen, and water desalination, according to a statement on Thursday.
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Business
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Economy
6/5/2023 1:44:33 PM
Suez Canal Economic Zone (SCZONE) announced on Monday inking a contract to establish a factory affiliated with Abdos Labtech Indian company that specialized in manufacturing plastic products used in labs.
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Business
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Markets & Companies
5/25/2023 6:51:22 PM
Shanghai Shengda, a Chinese company specializing in the production of ready-to-wear clothing and accessories, signed a letter of intent, which was handed to the Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El-Din, to establish a factory in Egypt worth $20 million.
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Business
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Economy
5/25/2023 4:01:49 PM
Two Chinese companies presented an offer to the Egyptian government to launch a $300 million steel complex at the Suez Canal Economic Zone (SCZone), according to a statement on Wednesday.
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Business
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Economy
5/22/2023 10:28:31 PM
Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, stressed that the zone provides direct and indirect incentives for investors to operate in the country.
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Business
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Economy
4/12/2023 10:49:57 PM
The Ministry of Environment signed a cooperation agreement with the Suez Canal Economic Zone (SCZone) to finance environmental projects for companies in the zone, according to a statement released by the ministry on Tuesday.
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