馃嚜馃嚞EgyptNorth Africa
Suez Canal Economic Zone revenues more than triple to LE 11.6 billion in FY2024/2025
via Egypt Today3 min read
The Suez Canal Economic Zone SCZone has seen its revenues more than triple, rising from LE 2.8 billion in FY2016/2017 to LE 11.6 billion in FY2024/2025. This growth is attributed to the inauguration of several major projects since the beginning of 2026, positioning the SCZone as a significant industrial and logistics hub. Key projects include Camstone for Advanced Industries, a $8 million investment for SPC flooring production, and the expansion of Kadmar International鈥檚 logistics center with a $24 million investment. Other new facilities are the Modern Hygienic factory for sanitary products, a $100 million investment, and Go Steel鈥檚 steel pipe manufacturing plant, a $45 million investment. In renewable energy, Elite Solar Suez Technology and Elite Solar Green Energy, part of the Elite Solar complex, launched with investments of $40 million and $76 million respectively, contributing 2 GW and 3 GW of production capacity. SCZone ports have also achieved milestones, with Sokhna Port receiving a Guinness World Records certificate for its deep man-made basin, and East Port Said Port ranking third globally in the World Bank鈥檚 2024 Container Port Performance Index. Industrial zones within the SCZone have attracted substantial investments: Sokhna Industrial Zone with $33.1 billion across 547 projects, West Qantara Industrial Zone with $1.5 billion across 52 projects, and East Port Said Integrated Industrial Zone with $367 million across 7 projects. The first phase of Technology Valle
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This summary was AI-generated from a story originally published by Egypt Today.
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