Suez Canal Economic Zone Reports 38% Revenue Surge Amid $6.3B in New Investments

Suez Canal Economic Zone Posts 38% Revenue Growth Amid Investment Surge

The Suez Canal Economic Zone (SCZONE) has reported a robust 38% year-on-year increase in revenues for the fiscal year 2024/2025, reaching EGP 11.6 billion, despite ongoing regional challenges such as reduced shipping traffic through the Red Sea. The zone, which plays a pivotal role in Egypt’s industrial and trade development strategy, also saw a significant 51% jump in net profits, reflecting improved operational efficiency and strategic planning. According to SCZONE Chairman Walid Gamal El-Din, the authority successfully secured 144 projects across various sectors, with total investments estimated at $6.3 billion. These include industrial, logistical, and green energy ventures, further solidifying Egypt’s position as a key hub for international trade and manufacturing. The number of operational companies within the zone rose to 18, with employment provided for over 132,000 workers. Gamal El-Din attributed the growth to strong international investor confidence, ongoing infrastructure enhancements, and streamlined regulatory frameworks. The SCZONE’s performance is especially notable given disruptions in global maritime trade, positioning the zone as a resilient and attractive destination for long-term investment.