The General Authority for Suez Canal Economic Zone (SCZone) and the Ministry of Investment and International Cooperation signed 15 contracts worth nearly EGP 1bn, with 13 companies of diverse activities to invest in the economic zone of the Suez Canal. The signing was ratified by Prime Minister Sherif Ismail. Head of the SCZone Authority, Mohab Mamish, has expressed gratitude to President Abdel Fattah Al-Sisi for encouraging the investment, and to the prime minister and the investment minister for resolving the problems of investors. Along with signing the contracts, Mamish said there is a large percentage of Egyptian investors in small and medium enterprises (SMEs). “We coordinated with the prime minister to help resolve a number of disputes,” she added.

Source: Daily News Egypt June 11, 2017 13:19 UTC