Wednesday, 27 May 2026
Suez Canal Economic Zone breaks revenue record, sparks investment boom in Egypt
The Suez Canal Economic Zone (SCZone) has announced extraordinary results for the 2024-2025 fiscal year, recording an unprecedented revenue of 11.6 billion Egyptian pounds (approximately $375 million USD), an impressive 38% increase over the previous year. This achievement underscores SCZone’s rising profile as a leading investment destination amid global economic uncertainty.
The SCZone’s Board of Directors, led by Chairman Walid Gamal El-Din, convened for their second meeting of the fiscal year at their headquarters in Egypt’s New Administrative Capital. The meeting was attended by key government ministers and regional governors, who collectively reviewed the Zone’s promotional strategies and approved the final accounts for the last fiscal year.
Highlighting the region’s dynamic growth, SCZone successfully secured 129 contracts across its industrial and logistics zones last year, with total investments reaching $4.4 billion and creating over 31,000 direct jobs. In just the first 14 months—from July 2024 to September 2025—155 new projects were launched, bringing in $6.3 billion in investments and adding more than 21,800 direct jobs.
Chairman Gamal El-Din noted the significant progress over the past 38 months, during which promotional efforts resulted in 334 investment projects worth a total of $10.4 billion. Of these, 323 projects were established in industrial areas, generating approximately 100,000 direct jobs, while 11 projects enhanced maritime activities at SCZone’s ports.
The new projects span a diverse array of sectors, including tire manufacturing, solar panels, textiles, ready-made garments, metal industries, and advanced logistics. For the first time, the Zone has expanded into the Ismailia East area in Sinai’s Technology Valley and in the Qantara West area, which alone has attracted 40 projects with investments totaling $1.05 billion and creating nearly 56,000 jobs.
Despite global geopolitical challenges, SCZone’s robust financial performance signals stability and adaptability. Total expenditures for 2024-2025 reached 2 billion Egyptian pounds, resulting in a net profit of 8.6 billion pounds—a staggering 51% increase over the previous year and almost triple the expected budget forecast.
During the recent board meeting, five new projects were approved—four of which are in Qantara West—including factories for prominent Chinese and Pakistani textile and garment companies such as Changzhou RAMADA, SHUANFENG, INTERLOOP Group, and Jiangsu Zhengyong, with total investments of $150 million and over 5,000 direct jobs. The fifth project, SIGMA Egypt (a joint Egyptian-Turkish venture), will develop customs storage yards in both Qantara West and Ain Sokhna.
These outstanding achievements reinforce Egypt’s position as a regional economic powerhouse. The Suez Canal Economic Zone continues to attract diverse international investments and create sustainable opportunities for Egyptians, paving the way for a more inclusive, prosperous future.