Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) reported a 38% year-on-year increase in revenue for the 2024/25 fiscal year, reaching $234 million, according to a Cabinet statement. 

The authority also recorded a surplus of EGP 8.49 billion during the same period, SCZONE Chairman Walid Gamal El-Din told Prime Minister Mostafa Madbouly in a meeting to review the zone’s performance and investment outlook.

The strong growth comes despite a 54.1% drop in Suez Canal revenues to $2.6 billion between July 2024 and March 2025, driven by ongoing Red Sea tensions and a 44.8% decline in vessel transits. 

SCZONE’s performance reflects its strategy to attract regional and global investors through streamlined market access, skilled labor, and competitive industrial zones supporting integrated supply chains.

Gamal El-Din credited the revenue growth to intensified promotional efforts, which secured contracts for 297 projects across industrial, service, logistics, and seaport sectors, totaling $8.6 billion in investments. Of these, 286 projects worth $7.09 billion focus on industrial, service, and logistics, while 11 seaport developments account for $1.5 billion.

In Ain Sokhna, foreign investments targeted sectors like renewable energy, electronics, pharmaceuticals, automotive components, and metal manufacturing. Meanwhile, the Qantara West zone launched 31 projects spanning 2 million square meters, with $799 million in investment and the potential to create 45,000 jobs.

Gamal El-Din also highlighted future investment opportunities in sectors such as semiconductors, engineering equipment, photovoltaic cells, vocational training, and silica sand industries. To date, $43 million in foreign capital has been secured for silica mining and building materials.

As part of its international outreach, SCZONE conducted a promotional tour across several Chinese provinces to attract foreign direct investment. The tour included high-level meetings with major Chinese companies and concluded with six new industrial contracts in the textile and garment sector, valued at $117.5 million.