The Suez Canal Economic Zone announced new projects offers in Ain Sokhna with investments mounted to $11 million, according Chairman of SCZone Mohab Mameesh. He added that the most prominent agreements being negotiated so far include Industrial petrochemical complex for the production of propylene derivatives on an area of 900,000 metre square with investments worth $ one billion creating 4,000 job opportunities. In addition to, an industrial complex to produce gas derivatives on an area of 2 million metre square with investments worth $10 million creating 27,000 direct and indirect projects. He further noted that SCZone has recently signed final agreements for an area of 13.3 million metre square. The Suez Canal Economic Zone (SCZone) is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal. Strategically located on the main trade route between Europe and Asia, more than eight percent of global trade passes through every year.