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FINANCIAL NEWS
Egypt’s SCZone inks 15 deals at EGP1bn for Suez Canal investment
12 Jun 2017
(MENAFN) The General Authority for Suez Canal Economic (SCZone) and the Ministry of Investment and Intl Co-op inked 15 deals worth EGP1bn, with 13 firms to invest in the economic zone of the Suez Canal.
Accordingly, there are a large percentage of Egyptian investors in small and medium enterprises (SMEs), while planning must take place with the population increase of 2.6mn people annually.
The coming period will experience marketing the zone and supporting the value-added industries, whereas the old part nears EGP1bn and each factory have labor by 75 percent.
In addition, the co-op has three aspects; the first is for legislative reforms to help inject investments and the zone is strategic and has an important role in the executive regulations of the investment law.
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MENAFN1206201700450000ID1095552564
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