Walid Gamal El-Din, Chairman of the General Authority of the Suez Canal Economic Zone, participated today, in the Polish capital, Warsaw, in the meeting of the Polish-Egyptian Joint Committee for Economic Cooperation. He also participated in the activities of the Polish-Egyptian Business Forum. This is to review the investment opportunities available in the targeted sectors within the framework of Egypt’s keenness to advance and develop bilateral economic relations in various fields.
Walid Gamal El-Din held a bilateral meeting with Krzysztof Paszek, Polish Minister of Economic Development and Technology, during which they discussed the possibility of cooperation in the industrial and service sectors targeted by the Suez Canal Economic Zone, especially the technological sector. Following the meeting, Walid Gamal El-Din participated in the work of the first meeting of the Polish-Egyptian Joint Committee for Cooperation. The economist, along with Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, and Krzysztof Paszek, Minister of Economic Development and Technology.
Walid Gamal El-Din explained during the committee’s work that the Suez Canal economy has become the ideal destination for various international investments wishing to expand. He also stressed that it has succeeded in enhancing maritime trade through the presence of the Authority’s ports on the Red Sea and the Mediterranean Sea, as well as industrial zones qualified to receive all types of industries. This provides qualified places for production and is close to various regional and global markets, which supports the existence of great opportunities for cooperation with the Polish business community.
Walid Gamal El-Din also participated in the Polish-Egyptian Business Forum, and during his speech he reviewed the potential of the Suez Canal Economic Zone, and the targeted industrial and service sectors, which amounted to 21 industrial and service sectors, including the pharmaceutical, food, automobile and data center industries. He stressed that these sectors were studied in line with the needs of the markets. Regional and global, he also reviewed the role of infrastructure development in creating an attractive investment environment that represents added value to the distinguished strategic location, pointing to the role of infrastructure in preparing the economic channel. Suez to be a center for producing green fuel and supplying ships, which contributes to supporting the transformation of the green economy industrially and maritime. He also pointed to the direct and indirect financial investment incentives provided by the Suez Canal Economy to its investors.
It is worth noting that the head of the Suez Canal Economy held a meeting with Michal Grmaticka, Polish Deputy Minister of Digitalization, to discuss the possibility of future cooperation in the field of digital technology and data centers, especially since the Suez Canal Economy aims to expand in this sector to meet the growing demand for cloud services, the Internet of Things, and digital transformation. He also held many bilateral meetings with various Polish companies wishing to learn about the investment opportunities available in the targeted sectors, where he met with officials of the HYnfra Renewable Energy Company, which had previously announced Its intention to build a green hydrogen factory in Egypt, and the Tabor-Dębica company specializes in the repair and production of mobile vehicles, including cars and locomotives.
