Cairo: Waleid Gamal El-Dein, Chairman of the Suez Canal Economic Zone (SCZONE), announced that the zone has successfully attracted $60 billion in investments from 20 countries. He highlighted that by next June, the region is expected to achieve its highest financial returns.

According to State Information Service Egypt, this announcement was made during a roundtable organized by the Ministry of Planning and Economic Development. The event focused on enhancing foreign investment and integrating Egyptian companies into global value chains, utilizing the Suez Canal Economic Zone to support economic competitiveness.

Gamal El-Dein mentioned the support provided by the Organization for Economic Co-operation and Development (OECD) to various ministries and the Suez Canal Economic Zone in several areas. He emphasized the significance of the cooperation between Egypt and the OECD, which celebrated its 10th anniversary last year.

He expressed gratitude to all parties involved in supplying data and supporting the project with plans and research. In recent years, the Suez Canal Economic Zone has localized projects and industries, particularly in medical, energy, and specialized industries.

Gamal El-Dein called on private sector investors to direct their investments to the Suez Canal investment zone, ensuring that Egypt offers comprehensive support and assistance. He noted the achievements of the Suez Canal, as indicated by published statistics, despite existing challenges.

He highlighted the Port Said Economic Zone's recognition in 2024 as the third globally in container handling, and first in Egypt. He praised the state's investment in infrastructure, which has significantly attracted investments, anticipating further success, especially in sustainable green energy sectors.

He also confirmed the significance of the West Kantara project as a major global hub for maritime transport.