High-level Singaporean delegation visits Suez Canal economic zone

A high-level Singaporean delegation visited on Wednesday the Suez Canal Special Economic Zone to mull available investment opportunities.

In press statements, Secretary General of the General Authority for the Suez Canal Economic Zone Nasser Fouad said the delegation was briefed on legislations regulating investments in the economic zone and the development plan of the six harbors affiliated with the economic area.

He said Ain Sokhna and East Port are very important economic areas that back the national economy and help increase revenues.

The delegation visited many existing and under-construction projects in the Suez Canal Special Economic Zone.

The SCZone is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal. 

Strategically located on the main trade route between Europe and South Asia, more than eight percent of global trade passes through every year.

Spanning over 461 km2, almost two-thirds the size of Singapore, the SCZone has four unique zones and six strategically-located ports. The four zones are; Ain Sokhna, East Port Said, Qantara West and East Ismailia.

Each zone provides opportunities in industrial and commercial enterprises, infrastructure and real estate development, logistics, amenities and state-of-the-art technology.

Source: MENA