What is happening in the Suez Canal Economic Zone, what is the story of the billions of dollars that settled in the region, and what is the final form of the economic zone and what it will add to the Egyptian economy.. Stay with us until the end and you will know the details in this video.
The Suez Canal Economic Zone is considered an important sign of the new republic and living proof of the economic boom in Egypt and an Egyptian financial facade to the world. After most of the projects in it are completed, it will be a financial capital for Egypt and for the region as well. This is not an exaggeration, because what is happening there now is not normal, and you can say that The government is making Singapore or Hong Kong new to the region.. Why do we say that?
Look, sir, the Suez Canal Economic Zone will be the most important industrial zone in the world, and all because of the advantages it enjoys, such as its proximity to the Suez Canal and international trade lines, and its proximity to all the ports of Europe, the Middle East, and the Arabian Gulf as well. There is another reason why the Suez Canal Economic Zone is of interest to international companies, which is that it It specializes in green economy projects in addition to other activities, which means that it will attract the quality of international companies working in green economy projects such as clean electric energy. Green hydrogen projects and others…
Also, economically, the Suez Canal will be one of the most important regions in the world that provides logistical services, ports, and outsourcing. There are currently 164 projects, seven of which are in ports, and the rest are factories and logistical sites within the region. In numbers, the region is estimated to attract global investments of more than 6.3 billion dollars in various fields, and this is just the beginning, although the number is Very huge..
The General Authority for the Suez Canal Economic Zone revealed some numbers and said that investments amounting to about 3 billion dollars were pumped to develop the infrastructure during the past few years, and there is still another 3 billion dollars that will be pumped for the same reason to attract more international and local investments. This, of course, will open the way. The region will be a unique economic cluster, and at the same time it will be a very strong addition to the Egyptian economy and a huge source of foreign monetary income, maximizing Egypt’s economic strength in the Mediterranean basin, the Red Sea, and in the world of international ports.
It is enough to know that a large number of international companies are now preparing to pump huge investments worth billions of dollars in the fields of green hydrogen and industry, as we said, in a step that reflects the growing interest in the Suez Canal Economic Zone as a strategic destination for investment in the future. The most recent of which was that the Egyptian Commercial Representation Authority reached agreements with 10 international companies from India, China, Turkey and the European Union are huge companies operating and specialized in the fields of green hydrogen and industry to expand industrial investment in Egypt.
