Egypt keen on attracting more FDI into Suez Canal Economic Zone: Prez

Speaking at the inauguration of several new marine terminals at East Port Said, Al-Sisi assured all necessary facilities to support investors.

Keith Svendsen, deputy chief executive officer (CEO) of A.P. Moller-Maersk and CEO of APM Terminals, announced Maersk’s intention to expand its investments in the country, according to domestic media reports.

The zone attracted $11.6 billion in investments and generated more than 136,000 direct jobs between 2016 and 2025.

Egypt has upgraded 14 ports and built five new ones as part of a national strategy to transform the country into a regional logistics and transit-trade hub.

Al-Sisi reiterated the need for faster project delivery, promising state incentives to current and prospective investors.

ALCHEMPro News Desk (DS)