Egypt’s leadership is taking decisive steps to enhance the country’s production capacity and tap into untapped industries to drive economic growth and revenue. On Monday, Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met with Mohamed Zaki El Sewedy, Chairperson of the Federation of Egyptian Industries, alongside representatives from key industrial chambers at the SCZONE headquarters in Sokhna.

The meeting followed up on discussions held during the Annual International Industry Conference and Exhibition on November 25, 2024, organized in collaboration with the Federation of Egyptian Industries. The primary focus was on exploring investment opportunities, strengthening mutual cooperation, and tackling the challenges faced by export-oriented industrial companies, all with the aim of driving expansion within SCZONE.

Gamal El-Din reiterated SCZONE’s commitment to diversifying Egypt’s production base and fostering high-value-added industries. He highlighted that SCZONE had successfully attracted substantial global investments, signing 251 projects across industrial zones and ports over the past 30 months. These initiatives represent a total investment of $6.23 billion and have created nearly 28,000 job opportunities. Additionally, the SCZONE Board of Directors recently approved four new projects in January, with a combined investment of $1.84 billion.

El Sewedy emphasized that the meeting marked the start of a deeper collaboration between the Federation of Egyptian Industries and SCZONE. Following the discussions, the delegation toured El Sewedy Industrial Development and Orascom Industrial Zones to gain insights into the companies operating within the industrial zones. The visit concluded with a tour of Sokhna Port, where the delegates reviewed ongoing development projects.