17 February 2019 08:30 PM

Sisi calls for developing Suez Canal Authority capabilities

Sunday، 27 May 2018 - 11:49 AM

President Abdel Fattah El Sisi met on Saturday 26/5/2018 with Chairman of the Suez Canal Economic Zone Mohab Mamish.

President Sisi issued directives to persist with the efforts exerted by the Suez Canal Authority and the General Authority for the Suez Canal Economic Zone (SCZone) with the aim of developing and improving the capabilities of the Suez Canal Authority, presidential spokesman Bassam Radi said in a statement.

The president also underscored the importance of rallying the state institutions’ efforts in order to help complete ongoing projects in the SCZone and swiftly finalize infrastructure projects in the area.

Meanwhile, Mamish reviewed the latest developments with regard to developing the SCZone, noting that the world's top-notch companies are keen to invest in the SCZone.

The Suez Canal revenues in May were the highest ever in a month, Mamish revealed.

The official noted that the Suez Canal Authority works to remove all obstacles facing investors and offering incentives to them.

He also pointed out that Egypt and Russia signed on Wednesday an agreement to establish a Russian industrial zone on an area of 5.25 million square meters at the Suez Canal Corridor.


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