Waleid Gamal El-Dein, Chairman of the Suez Canal Economic Zone (SCZONE), announced on 21st April 2026, that the zone has drawn substantial foreign direct investment totaling a $60 billion investment from 20 countries. He indicated that the region is on track to deliver its strongest financial performance by next June. His remarks were delivered during a roundtable hosted by the Ministry of Planning and Economic Development, which focused on boosting foreign investment inflows and strengthening the integration of Egyptian firms into global value chains. The discussions also emphasized leveraging the SCZONE’s strategic positioning to enhance the overall competitiveness of the national economy, underpinned by the momentum of this $60 billion investment.
During his address, Gamal El-Dein pointed to the ongoing collaboration with the Organisation for Economic Co-operation and Development (OECD), noting that the organization has extended support to multiple ministries and the SCZONE across several key areas in recent years. He highlighted that last year marked the 10th anniversary of Egypt’s joint cooperation with the OECD, describing it as a milestone that has contributed to tangible progress. According to him, the SCZONE is now beginning to realize the returns of this partnership, supported by extensive data sharing, planning frameworks, and research contributions from various stakeholders, further reinforcing the impact of the $60 billion investment.
He further underscored that the SCZONE has made notable strides in localizing projects and industries across diverse sectors, including medical industries, energy, and specialized manufacturing. Egypt, he said, has demonstrated considerable adaptability in attracting investments and fostering international partnerships, while simultaneously advancing the localization of new industries. He encouraged private sector players and global investors to channel their capital into the Suez Canal investment zone, emphasizing that the government is committed to offering comprehensive support mechanisms to facilitate business operations and expansion tied to the $60 billion investment.
Gamal El-Dein also highlighted the zone’s operational achievements despite external challenges, citing official statistics that reflect strong performance indicators. He noted that in 2024, the Port Said Economic Zone secured third place globally in container handling and ranked first within Egypt. He commended the state’s continued investment in robust infrastructure, which has played a critical role in attracting capital inflows, while expressing optimism about future growth, particularly in sustainable green energy sectors. He added that the West Kantara project stands out as one of the largest global hubs contributing to maritime transport worldwide.
