In the framework of developing Suez Canal axis, the Suez Canal Economic Zone Authority (SCEZA) announced Sunday that an agreement with Saudi investors worth USD 3 billion was concluded, Al-Bawaba News reported. The new agreement aimed to establish a company concerned of boosting investment opportunities in the area, prepare and promote feasibility studies in addition to establish industrial, agricultural and commercial projects. Egyptian economic authority aimed to eliminate obstacles and bureaucratic procedures that face investors to enhance better environment for investments.