The Suez Canal company will be formed in partnership with a private sector firm operating in general supplies and contracting, and will focus on dredging projects, maritime works, and related supply activities.
Gamal El-Din said the zone’s recent progress reflects years of reforms launched since 2015, with 2025 marking a “harvest year” for those efforts.
He highlighted that the SCZone currently comprises six ports and four industrial zones, supported by a unified digital investor services platform, positioning it as an integrated hub for manufacturing, logistics, and trade.
The central bank said the current account deficit narrowed by 13.6% to $9.5 billion, compared with $10.9 billion in the same period of the previous fiscal year.
The project, to be developed within the industrial zone of Main Development Company, will span 12,000 square metres and create around 150 direct jobs.
