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Madbouly attends Suez Canal Zone handover with $16.4B investments
Egypt witnessed a ceremony for the handover of the presidency of the General Authority of the Suez Canal Economic Zone, during which Mostafa Shikhoun was appointed as the new chairman, succeeding Walid Gamal El-Din. Over the past four years, the authority has successfully attracted investments totaling $16.4 billion and created more than 145,000 direct jobs. The authority's efforts have focused on industrial localization, port development, and strengthening the region's position as a global logistics hub connecting Asian, African, and European markets, supported by continuous government backing to achieve the state's goals of attracting investments and expanding industrial and commercial activities.
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