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Deputy Al-Hefnawi announces $7.3B in investments for Suez Canal expansion

Deputy Al-Hefnawi announces $7.3B in investments for Suez Canal expansion

Member of Parliament Yasser Hefnawy announced that the General Authority of the Suez Canal Economic Zone successfully secured contracts for 117 industrial projects with investments amounting to $7.3 billion during the fiscal year 2025/2026. These investments reflect the country's efforts to transform the Suez Canal into a global hub for industry and export, creating more job opportunities, boosting local production, facilitating technology transfer, and increasing Egyptian exports. He believes that the next phase requires attracting value-added industries and advanced technology, as well as leveraging the strategic location of the zone to enhance Egypt’s position as a regional center for industries, trade, and logistics.

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