SCZone has announced the launch of SCZone Istithmar Company, an investment firm that will manage the economic zone’s current and future investments strategically.
The new company aims to partner with local and international private investors to operate essential facilities within the zone’s scope, as well as attract foreign and domestic investments in vital sectors to meet the zone’s development objectives.
In June, SCZone’s board approved several projects in manufacturing, green hydrogen, and water desalination, which will be carried out with international partners.
Additionally, the board approved 46 projects worth $3.6 billion in investments between July 2022 and May 2023. In June, the Egyptian government authorized the establishment of the Suez Canal Holding Company for Industries and Naval Services and Investments, based in Ismailia.
