A delegation from the Swedish embassy to Egypt visited the Suez Canal Economic Zone (SCZone) to closely identify investment opportunities, according to a Monday statement.
Mohamed Shaaban, vice chairperson of SC Zone received the delegation that included representatives from the Swedish Trade and Investment Council, a statement issued by the SCZone said, noting that both sides exchanged views about infrastructure development and potential projects in the Zone.
The SCZone is implementing an openness policy that aims at attracting foreign investors, Shaaban said, adding that it offers taxation and customs incentives to totally benefit from its unique geographical location and increase the Zone’s competitiveness in comparison with other economic zones in the Middle East, and North Africa.
A promotional film was displayed during the meeting to highlight the positive infrastructure developments in the SCZone and its affiliated ports, mentioned the statement, saying that the Swedish delegation also visited Ein El-Sokhna Port after the meeting with Shaaban.
For their part, the Swedish delegation asserted their keenness on boosting business cooperation with the Egyptian side, particularly in the SCZone, noting that they are looking forward to investing in the SC Zone due to its several advantages.
Additionally, SCZone is discussing with the Cabinet offering new taxes incentives for investors, Yehia Zaki, chairperson of the SCZone, told Daily News Egypt over his participation in the event organised by the American Chamber of Commerce (AmCham) on 12 January 2020.
President Abdel Fattah Al-Sisi will inaugurate the Zone’s Economic Conference in Galala City on 7 March 2020, Zaki mentioned, noting that one day ahead of the conference, a tour will be organised in the SC Zone to closely identify the developments.