Suez Canal Authority and the Suez Canal Economic Zone (SCZone) head Mohab Mamish said on Friday that SCZone revenues in 2017 hit 2.4 billion Egyptian pounds.
Mamish released the revenues’ figures during a meeting with Presidential Adviser for National Projects Ibrahim Mahlab.
Mamish announced that the Suez Canal Authority signed 23 contracts with investors in the past six months.
Located in northeastern Egypt، The Suez Canal Economic Zone (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 Asia، more than eight percent of global trade passes through every year.
Spanning 461 km2، almost two-thirds the size of Singapore، the SCZone consists of two integrated areas، six ports.