According to reports, Chairman Waleid Gamal El-Dein stated that the Egypt’s Suez Canal Economic Zone (SCEZ) plans to invest $3 billion on infrastructure over the next few years, reports Safety4sea.
Infrastructure investment
Reports state that Chairman Waleid Gamal El-Dein said that the infrastructure investment by SCEZ will attract new investors. In a statement to Reuters, the Chairman claims to have been able to attract more than $6.3 billion of investments in various sectors and logistics and ports and is expecting the number of projects to grow sharply.
Moreover, El-Dein said a new desalination plant will be constructed in Sokhna on the Red Sea to support the green hydrogen industry. The first phase will have a capacity of 250,000 cubic metres per day according to the reports.
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Source: Safety4sea
