SCZONE allocates land for water pump maintenance center with investments worth $5M

The General Authority of the Suez Canal Economic Zone (SCZONE) is allocating an area of 30 thousand square meters for Japan’s Torishima to establish a center for assembly, manufacturing, supply, and maintenance of huge water pumps with investments of $5 million.

The signing of this cooperation will create a pump service facility serving the Egyptian market, and Torishima’s investments will be increased within five years.

 “This cooperation with the Japanese side would strengthen the partnership between the two sides and attract many diverse foreign investments within the economic zone, as the SCZONE aims to attract more Japanese investments and work to encourage and support its industrial developers in Sokhna, due to the presence of Japanese investments within its industrial zones, in reference to the trade relations between Egypt and Japan, which qualify the strong presence of Japanese investments inside Egypt and benefit from its prime geographical location that facilitates access to Japanese products to the African and European markets,” Waleid Gamal El-Dien, Chairman of SCZONE, said.