Egypt's Suez Canal Authority (SCA) signed Wednesday a memorandum of understanding with the Namibian Ports Authority (Namport) to cooperate on port development, marine construction and maritime training, as Cairo moves to expand its commercial and (...)
The Suez Canal Authority (SCA) is ready to open new markets and expand its presence across the African continent, Chairperson Osama Rabie said on Wednesday, as the authority signed a memorandum of understanding (MoU) with the Namibian Ports (...)
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday.
Speaking at a weekly press conference, Madbouly (...)
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional (...)
Egypt has marked a major milestone in its biopharmaceutical development with the laying of the foundation stone for the GENNVAX vaccine manufacturing facility, which is set to become the largest fully integrated vaccine production complex in the (...)
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, participated on Tuesday in the groundbreaking ceremony of Gennvax Egypt Pharmaceutical Industries in the Suez Canal Economic Zone (SCZONE). The project, with current investments of (...)
Egypt is advancing its renewable energy and green industry ambitions with the launch of the $210 million Atum Solar complex in the Suez Canal Economic Zone's TEDA Industrial Zone.
Developed through a partnership between Egypt, China, the UAE, and (...)
Egypt's Suez Canal Economic Zone (SCZONE) welcomed on Sunday its first Qatari industrial investment with the signing of a $200 million contract for Qatar's Al Mana Holding to produce Sustainable Aviation Fuel (SAF) in the Integrated Sokhna Area. The (...)
Egypt's Suez Canal Economic Zone Authority (SCZONE) reported $12.96 billion in investment contracts since fiscal year 2022/2023, including the current 2025/2026 period. The projects cover around 380 industrial, service, and logistics initiatives, (...)
Egypt and Albania have held the first session of their joint committee since 1993, a move officials described as a step toward utilising their respective geographic locations to expand access to African and European markets.
The meeting in Tirana, (...)
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (...)
Qatar's Al Mana Holding signed a contract on Sunday to invest $200m in a sustainable aviation fuel (SAF) production plant in the Suez Canal Economic Zone (SCZONE), marking the first Qatari industrial investment in the zone.
The project, which will (...)
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), has signed a contract with Mao Yi Zhang, Chairperson and owner of Zhejiang Jiansheng Group, commercially known as Jasan Group, to establish a fully integrated textile and (...)
Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat arrived in Tirana on Sunday to chair the Egyptian–Albanian Joint Committee for Economic, Scientific, and Technical Cooperation, which is meeting for (...)
Egypt on Wednesday launched the STEM & AI Challenge 2025, a national competition aimed at empowering university students in science, technology, engineering, and mathematics (STEM) and supporting their innovative projects in artificial (...)
The Suez Canal Economic Zone (SCZONE) held a ceremony on Wednesday to lay the foundation stone for the Xinmin Glass factory in "Sokhna 360," the fully integrated industrial city being developed by El Sewedy Industrial Development within the Sokhna (...)
The Suez Canal Economic Zone Authority held a groundbreaking ceremony on Wednesday for China's Xinmin Glass factory in the Sokhna 360 Industrial City, part of the El-Sokhna Industrial Area, the authority said.
The project spans more than 163,000 (...)
For the first time, Lloyd's List has included Suez Canal Authority Chairman Osama Rabie in its annual One Hundred People ranking, the definitive guide to the most influential figures shaping the maritime industry.
Placing him 75th on the list, (...)
Egypt signed six memoranda of understanding and agreements with the European Bank for Reconstruction and Development (EBRD) on Tuesday, covering investment promotion, energy infrastructure, and sustainable development, the Cabinet said.
Prime (...)
Egypt's Suez Canal Economic Zone (SCZONE) on Monday signed a contract with an alliance between Italy's Mi-Fra and Saudi Masae to establish Egypt's first plant producing metal door handles, traditional and smart locks, and office fittings. The move (...)
Hossam Heiba, Chairperson of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from Fountain Set Limited, one of China's largest textile manufacturers, alongside representatives from Elegance Apparel Garments (...)
The floating dock GREEN DOCK 3, towed by the tugboat Persistence and guided by four additional Suez Canal Authority (SCA) tugboats, completed its 24-hour transit of the Suez Canal as part of the South Convoy. The dock, en route from Indonesia to (...)
The Egyptian Commercial Service (ECS) office in Washington, headed by Minister Plenipotentiary for Commercial Affairs Yehia El Wathik Bellah, organised Suez Canal Economic Zone (SCZONE) Chairperson Walid Gamal El-Din's first promotional mission to (...)
Egypt has endured one of the most challenging economic periods in its recent history over the past two years. Surging inflation and sharp exchange-rate volatility have reshaped consumer behaviour, pushing households to prioritise essential goods (...)
Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in the United States with a series of meetings and engagements with American institutions and companies operating in (...)
