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"Suez Canal Economic Zone"

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Business - 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.

Business - 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.

Business - 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.

Business - 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.

Business - 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.

Business - 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.

Business - 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.

Al-Ahram Weekly - 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

Business - 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.

Business - Economy
10/27/2023 8:12:02 PM
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the Suez Canal Economic Zone (SZCONE), according to a statement on Thursday.

Business - 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).

Business - 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.

Business - 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.

Business - 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.

Business - Economy
10/4/2023 9:35:25 PM
A consortium led by the General Authority of the Suez Canal Economic Zone (SCZone) has signed a framework agreement with C2X, the green energy arm of Danish logistics titan Maersk, to build a massive green fuel production facility for ships bunkering services to aid Egypt’s decarbonisation efforts.

Business - Economy
10/1/2023 7:52:34 PM
A delegation of 24 Japanese companies has visited the Suez Canal Economic Zone (SCZone) to explore renewable energy investment opportunities with a special focus on green fuel, according to a statement by the zone on Sunday.

Business - 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.

Business - 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.

Business - 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).

Business - 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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