Egypt's SCZone achieves record revenues

Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone received the highest revenues for the second year in a row, noting that the zone is working to maximize its revenues since it is considered the driving engine for the development of the Egyptian economy. In a statement by the SCZone on Saturday, Mamish pointed out that total revenues achieved by the zone in fiscal year 2018-2019 reached around EGP 3.69 billion while its net profit recorded EGP 2.198 billion. The SCZone will sign new contracts with major local and international companies willing to invest in the economic zone in Ain Sokhna, a step that will help create new job opportunities for Egyptian youth within the next two years.