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Suez Canal Zone Chair at US-Egypt port forum
The Chairman of the General Authority for the Suez Canal Economic Zone, Mustafa Sheikhoon, participated in the "Port Infrastructure and Maritime Innovation Forum between Egypt and the United States" hosted by the U.S. Embassy in Cairo. The forum focused on strengthening bilateral cooperation in areas such as port construction and development, modern technologies like cybersecurity, networking, artificial intelligence, and operational automation. Sheikhoon highlighted the importance of the trust built with investors and the role of flexible policies, emphasizing that the authority aims to localize 21 industrial and logistical sectors and expand the port network along the Mediterranean and Red Seas, leveraging free trade agreements that grant access to over 3.5 billion consumers. The East Port Said Port achieved the best performance in Africa and the Middle East according to the World Bank index. Additionally, the authority looks to develop the Arish Port and industrial areas such as East Port Said and Ismailia to boost production and create job opportunities. These efforts are part of broader initiatives to develop Sinai and improve infrastructure and ports to support international trade and American investment in Egypt.
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