Wed 02/July/2025 – 05:07 PM
The economic zone succeeded For the Suez Canal In attracting 121 new investment projects during the fiscal year ending June 30, 2025, with a total investment of $ 4.4 billion, according to Walid Jamal Al -Din’s statements, head of the General Authority for the Economic Zone.
The economy of the Suez Canal succeeds in attracting 121 projects with investments of $ 4.4 billion in one year
Jamal Al -Din said in a statement, that the total number of projects that were contracted during the past three years reached 297 projects in ports and industrial areas, with investments approaching 8.5 billion dollars, which reflects the growing investment momentum in the region.
The fiscal year 2024-2025 witnessed great diversity in the nature of the contracts that were contracted, which included green hydrogen industries, petrochemical, food industries, marine services, and logistics, as well as other advanced industries.
The head of the commission stressed that this diversity reflects the flexibility of the economic zone and its ability to meet the needs of investors in multiple sectors, noting the great expansion of renewable energy projects, especially the green hydrogen, which represents a strategic axis of the state’s direction towards the green economy.
During the last period, the authority signed a number of memoranda of understanding and framework agreements with major international alliances in the field of green fuel, which enhances the region’s position as a regional center for the production and export of clean energy.
In the context of its continuous efforts to provide an advanced business environment, the authority implemented a set of infrastructure development projects, including expanding marine sidewalks, deepening navigation corridors, extending road networks and facilities, as well as raising the efficiency of logistical areas with the aim of supporting global supply chains.
Jamal Al -Din pointed out that these projects contributed to providing thousands of direct and indirect job opportunities, as well as the process of transferring technology and settling strategic industries, in line with the country’s goals in promoting local manufacturing and reducing dependence on imports.
The Suez Canal Economic Authority has set an ambitious plan for the fiscal year 2025-2026, aiming to attract investments exceeding 5 billion dollars, with a focus on supplementary industries and green economics projects, as well as encouraging small and medium-sized companies to integrate into global value chains.
Jamal Al -Din stressed that the authority is continuing to enhance its partnerships with the local and international private sector, and to continue to improve the investment climate, in order to support the transformation of the economic zone into a pioneering global industrial and logistical axis.
