Chairperson of the Suez Canal Economic Zone (SCZONE), Walid Gamal El-Din, announced record $7.1bn in investments for the current fiscal year, including $1.8bn in the last two months. He spoke at a conference in New Cairo on the zone's role as a global logistics and industrial hub. The zone reported strong growth in revenues and cargo volumes.
Walid Gamal El-Din, chairperson of the Suez Canal Economic Zone (SCZONE), participated in a conference organized by AHK Egypt in New Cairo under the theme "Egypt: The Gateway to Global Trade – Connecting Continents Through Innovation." The opening panel addressed "Current Challenges of the Logistics Sector," where Gamal El-Din emphasized the zone's repositioning as an integrated industrial and logistics platform.
He revealed that SCZONE has attracted approximately $16bn in investments over the past three years and nine months, with a record $7.1bn in the current fiscal year, including $1.8bn secured in the last two months.
Operationally, container throughput at East Port Said rose from 2.4 million TEUs in 2024 to 5.6 million TEUs in 2026, accounting for 70% of Egypt's transit trade. Arish Port has been transformed into a hub handling 4.5 to 5 million tonnes annually, with ongoing upgrades at Ain Sokhna Port as part of a national logistics corridor linking it to Alexandria.
SCZONE's strategy targets localizing industries in priority sectors such as renewable energy—particularly solar panels and cells—pharmaceuticals, metals like aluminium, chemicals including phosphate fertilisers, batteries and electric vehicles, food processing, and textiles. The authority expects to close the fiscal year with record revenues and a surplus, with growth exceeding 30%, supported by new factories in the second half of the year. Total investments in port development reached $1.675bn, including $1.516bn in executed contracts from July 2022 to April 2026.