RIYADH: The Suez Canal Economic Zone has announced a 55 percent increase in revenues for the first five months of the current fiscal year, highlighting a period of accelerated growth and major investment attraction.
During a board meeting chaired by the Chairman of the General Authority for the SCZONE Walid Gamal El-Din, the organization revealed its total revenues reached 6.25 billion Egyptian Pounds ($134 million) for the period from July 1 to Nov. 30, marking a jump from the 4 billion pounds recorded in the same period the previous fiscal year. The revenue also surpassed budget forecasts by 43 percent.
Egypt’s fiscal year runs from July 1 to June 30, with budgets and financial reports often referencing the year in which the period ends.
According to an official statement, the chairman said the increase in revenues reflects the success of the SCZONE’s promotional efforts.
He explained this financial performance is a direct result of maximizing the benefit from the industrial, logistical zones, infrastructure, and utilities and the recent commencement of actual operation of a number of terminals and berths in its ports.
The board meeting, attended by several Egyptian ministers, governors, and investment officials, also served as a platform to showcase SCZONE’s substantial investment pipeline.
In the first half of the 2025-26 fiscal year alone, SCZONE successfully attracted 80 new projects with investment costs exceeding $5.1 billion. This figure surpassed the total $4.6 billion in investment value attracted during the entire preceding fiscal year.
Cumulatively, over the past three-and-a-half fiscal years, SCZONE has secured 383 actual contracts from global investors across its ports and industrial zones. These represent total committed investments of $14.21 billion, which have created approximately 134,300 direct job opportunities.
Building on this momentum, the board approved 10 new industrial projects with a combined investment value of $271.1 million, set to create over 14,000 new jobs.
Of this initiatives, nine focused on textiles, ready-made garments, and plastic recycling, and will be located in the Qantara West industrial zone with investments of $225.1 million. A 10th project in the metal industries sector, with an investment of $46 million, was approved for the East Ismailia industrial zone.
