Egypt's Suez Canal Economic Zone (SCZone) inaugurated on Monday a new branch of Beltone Leasing and Factoring at its Sokhna headquarters, marking the first presence of a non-banking financial institution (NBFI) within the strategic industrial hub. The branch opening, approved by Egypt's Financial Regulatory Authority (FRA), positions Beltone Leasing and Factoring — a fully owned subsidiary of Beltone Holding — to offer tailored financing solutions to businesses operating in the zone, a key engine of national economic growth. "This move is part of SCZONE's broader strategy to establish an integrated financial infrastructure that keeps pace with the growing needs of industrial and logistics activities." SCZone Chairman Waleid Gamal El-Dien said in a statement. "We continue to attract major financial entities to our industrial zones, reaffirming our commitment to creating a stimulating investment climate that support investments and investors, drives sustainable development, and supports the national economy." The move supports SCZone's broader push to build an integrated ecosystem for investors, with services ranging from one-stop-shop licensing to digital platforms and banking access, in addition to industrial and logistical support. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said the opening would "unlock new financing channels for industrial projects and export-oriented activities," helping to boost productivity and sustainable development. Located along the Red Sea, the Sokhna Industrial Zone is a cornerstone of SCZone's plan to attract local and foreign direct investment, serving as a gateway to African, Gulf, and European markets. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
