Waleed Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZone), recently participated in the Egypt-UK Investment Forum held in London from September 15 to 18. The forum aimed to explore economic cooperation between Egypt and the UK business community. Gamal El-Din highlighted the investment opportunities within the SCZone, emphasizing its strategic importance and the benefits it offers to international investors. The event, attended by key figures from both countries, provided a platform for discussing potential collaborations and enhancing bilateral economic relations.
Highlighting Investment Opportunities
During the forum, Waleed Gamal El-Din presented the SCZone’s unique advantages, including its strategic location, world-class infrastructure, and comprehensive investment incentives. He emphasized the zone’s four industrial areas and six seaports on the Mediterranean and Red Sea, which are integrated to optimize logistics and trade. This integration positions the SCZone as a hub for green fuel industries and a provider of both fossil and green fuel bunkering services for ships.
Gamal El-Din also discussed the competitive investment environment in the SCZone, which is part of Egypt’s broader economic vision to deepen international economic cooperation. He highlighted 21 targeted industrial and service sectors identified through thorough studies that align with the SCZone’s capabilities and the needs of regional and global markets. These sectors include automotive, pharmaceuticals, and renewable energy, among others.
The chairman’s presentation underscored the SCZone’s success in attracting numerous international companies by offering financial and non-financial incentives. These include competitive labor and energy costs, a strategic location, and a one-stop-shop service for obtaining all necessary permits for construction and operation.
Strengthening Bilateral Relations
The Egypt-UK Investment Forum provided a valuable opportunity for strengthening bilateral relations between Egypt and the UK. Gamal El-Din met with British businessmen, government officials, and key UK entities to discuss potential investments and collaborations. The discussions focused on leveraging the SCZone’s capabilities to attract British investments in various sectors, including steel, modern construction materials, water treatment, and telecommunications.
The forum also featured a keynote session titled “Exploring the Advantages of Industrial and Infrastructure Investment Opportunities,” where Gamal El-Din elaborated on the SCZone’s strategic initiatives. He highlighted the zone’s readiness to support large-scale industrial projects and its role in Egypt’s economic diversification efforts. The session was attended by Egypt’s Ambassador to the UK, Sherif Kamel, and other prominent figures, further emphasizing the importance of the event.
The participation of the SCZone chairman in the forum reflects Egypt’s commitment to fostering strong economic ties with the UK. By showcasing the SCZone’s potential, the forum aimed to attract significant British investments and enhance economic cooperation between the two countries.
Future Prospects and Strategic Vision
Looking ahead, the SCZone aims to continue its strategic vision of becoming a leading economic hub in the region. The successful participation in the Egypt-UK Investment Forum is expected to pave the way for future collaborations and investments. The SCZone’s focus on green fuel industries, automotive manufacturing, and other key sectors aligns with global trends and market demands.
Gamal El-Din’s discussions with companies specializing in various industries highlight the SCZone’s proactive approach to attracting diverse investments. The zone’s strategic initiatives, including the localization of the automotive industry, are designed to create a sustainable and competitive economic environment.
The SCZone’s commitment to providing a favorable investment climate, coupled with its strategic location and infrastructure, positions it as a prime destination for international investors. The ongoing efforts to enhance bilateral relations and attract foreign investments are expected to drive economic growth and development in the region.
