(MENAFN - Daily News Egypt) The Suez Canal Economic Zone (SCZone) has achieved revenues worth EGP 3.4bn since early April 2017 through settling problems with investors who are in the region since 1998 by 99.8%. Mamish added that the region has achieved profits worth EGP 2.072bn in FY 2017/2018 compared to EGP 1.298bn in FY 2016/2017. He explained that the region is seriously seeking to attract more investments to the region as about 134 companies were established through the contracts of the area's developers. He went on to explain that technical discussions are ongoing and one of the international advisory bureaus was appointed to study the DP World Ain Sokhna project, which is a joint project between the authority and Dubai Ports World (DP World). Mamish pointed out that the DP Sokhna World project is major and requires more careful and thorough studies to achieve common benefits for all parties.

Source: Daily News Egypt September 26, 2018 19:52 UTC