The Suez Canal Economic Board reviews the financial indicators and promotional position for the end of March 2025
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8.6 billion pounds, the economic revenues of the channel until March 25, an increase of 40% over the same period for the previous financial year and about 10% from the budget expectations
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Jamal Al -Din: During the past 33 months .. We succeeded in actual contracting on 272 projects with ports and industrial areas with investments of 8.3 billion dollars and more than 40,2 thousand job opportunities
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A confirmation of the strategic partnership with the Chinese Teda .. The Suez Canal Economic Board adopts the new expansions of the industrial developer (Teda-Egypt) with an area The first is after its reshaping, headed by & Nbsp; Walid Jamal Al -Din, and the presence of: The Ministers of Planning and International Cooperation, Petroleum and Mineral Resources, Housing, Port Said Governors, Suez, Ismailia, CEO of the Investment Authority, a number of leaders of the Economic Zone, and members of the Board of Directors with technical and legal expertise; Where the council reviewed some important topics, the most prominent of which was the review of financial indicators and access to the promotional position of the authority until the end of the third quarter of the current fiscal year 24-25, in addition to the approval of 5 new projects in Qantara West and East Ismailia. July 1st to the end of March 2025; Where the authority achieved a total revenue volume of 8.6 billion pounds, an increase of 40% over the same period in the previous fiscal year, which reached 6.1 billion pounds, and the rate of incoming revenue from budget expectations for the same period reached about 10%, while the revenues of other activities witnessed a remarkable increase as a contribution rate in the total revenues of the authority until March 25 to 17% compared to an average share that did not exceed 8% only For other activities combined – contrary to the ports – during the previous 5 years, which reflects the success of the authority’s promotional efforts during the last period, which in turn contributed to maximizing the benefit of industrial and logistical areas, infrastructure and facilities that the authority has accomplished. Where it succeeded in attracting actual contracts from different countries of the world in the ports and industrial areas affiliated with it, whether this contract is directly with the authority or through an industrial developer, with a total of 272 projects with total investments worth 8.3 billion dollars, and provided 40.2 thousand jobs; Where the share of the industrial areas of these projects was 262 projects at a total investment cost of about 6.8 billion dollars, and these projects allowed more than 40 thousand, confirming the authority’s success as well in the actual contracting of 10 projects affiliated with it with investments of 1.51 billion dollars, and it also touched that it is important to take into account that about 130 projects are among these projects currently operating, and many have opened many Among these projects is already during the last period in the presence and honor of His Excellency the Prime Minister, and it is expected to open most of those projects that are currently being established during the current year 2025, which represents & quot; the year of the openings & quot;
and within the framework of developing cooperation between the economic zone of the Suez Canal and industrial developers as a result of the continuous efforts made by the authority to support all state institutions and the private sector to improve the business climate, as a translation of partnership The strategy between the economy of the Suez Canal and Teda, Chinese, the Authority’s Board of Directors agreed to the agreement to establish and manage an integrated industrial complex and facilities on an area of 2.86 square kilometers that represent new expansions of the industrial developer Teda-Egypt on the two runners within 8 years, and it is expected that the investment costs of infrastructure and facilities for these expansions will reach about $ 100 million, approximately 5 billion pounds.
in a related context The Suez Canal Economic Board of Directors approved 5 new projects in the regions of Qantara West and Wadi Technology of the Authority in a number of targeted sectors with a total investment of 49.3 million dollars, which exceeds two billion and a half billion pounds, with a total area of 177.8 thousand square meters, while these five projects provide more than 3 thousand and 250 jobs. Among these projects, which were adopted by the Council, 3 new projects in the Qantara region, West in the sectors of agricultural industrialization, textiles and ready -made clothes, with total investments for the three projects estimated at 32.3 million dollars, equivalent to 1.7 billion pounds, with an area of 92.8 thousand square meters, providing 2,600 jobs. The first project in the West Qatra region is a pioneering project in the Agibushing Agricultural Sector in favor of (United Co for Poultry Equipment), in the West Industrial Zone, with investments amounting to 3.3 million dollars, equivalent to 167 million Egyptian pounds, to establish a project aimed at collecting poultry raising and production lines equipment, and poultry production. On an area of 9800 square meters, providing 100 direct job opportunities. The second approved project in the west includes the project (Changzhou KingCason Printing & Amp; Dyring Co. Ltd), which specializes in the manufacture of fabric, textiles, dyeing, printing, knitting and design, on an area of 60 thousand square meters, with a total Investments of 24.5 million dollars, equivalent to 1.2 billion Egyptian pounds, and providing 500 direct job opportunities, while targeting the export of full production abroad. As for the third projects in the Qantara region, west; It is the Chinese Gold Star Fashion project, which specializes in designing and manufacturing clothing, which aims to produce high-quality fashion at competitive prices, with $ 4.5 million investments, on an area of 23 thousand square meters, and 2,000 jobs, while exporting entire production to foreign markets. Within the framework of the authority’s keenness to start the development of the Ismailia area, east of industrial & quot; Valley of Technology & quot; Its promising in the heart of Sinai, which was supported by the Egyptian state with a sophisticated transport network that includes tunnels under the Suez Canal, railways, and the new Al -Fardan Bridge, and in conjunction with the approaching national celebrations of the anniversary of the liberation of Sinai this month, the Board of Directors of the Authority approved two actual projects in the metal industries and building materials with a total investment of 17 million dollars, a total area of 85 thousand square meters, and provides 650 jobs Directly so far. The first of these projects is to create the Volkov Infra Private Ltd Factory; For the production of silico Mangnies and Vero Silicon of quartz and Mangnis ore, which are the basic elements in high -quality steel production, with investments of $ 5 million, equivalent to a quarter of a billion pounds, and on an area of 35 thousand square meters and provides 150 direct job opportunities. The second project in Wadi Technology is the Industrial House Project for Building Materials; To create a gypsum products factory with three production lines, with a total investment of 12 million dollars, which exceeds 600 million pounds, and it is located on an area of 50 thousand square meters, while providing 500 direct job opportunities.
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