Egyptian expat investors visit SCZone ahead of Egypt Can conference

Hagar Omran
2 Min Read

Both Minister of Immigration and Expatriate Affairs, Nabila Makram, and Minister of Planning, Monitoring, and Administrative Reform, Hala Al-Saeed, accompanied a group of expat investors in a visit to the Suez Canal Economic Zone (SCZone) on Monday. The group is scheduled to participate in the fifth edition of Egypt Can conference, titled “Egypt Can with Investment and Development”.

The visit aims at recognising the investment opportunities and incentives offered by the SCZone, and closely learning about the existing projects in the zone, a statement from the Expatriate Affairs Ministry said.

The conference is scheduled to be held on 15-16 October in Cairo, with the participation of 65 major Egyptian investors abroad, in addition to representatives of ministries, leaders of major companies, as well as civil society organisations, Egypt’s development partners, and high-level Egyptian financial institutions.

The conference coincides with the great interest paid by political leadership to boosting investment and development projects, Makram mentioned, noting that the conference will discuss benefiting from the international experiences in the areas of investment and development, in addition to shedding light on Egyptian expatriates’ success stories in investment abroad.

“The conference is about exchanging knowledge and exchanging experiences, hence, inviting the Egyptian expatriates to invest in various national projects in Egypt,” Makram explained.

“SCZone opens new horizons for investment in various areas. We’re very keen on connecting Egyptian expatriates with their home, benefiting from their experiences to achieve the sustainable development goals which has been set up through the past four editions of the conference,” she added.

For her part, Al-Saeed asserted that the SCZone is one of the key megaprojects that the government is implementing, noting that the investors’ interest in the zone is remarkably increasing due to the incentives it offers as well as its strategic location.

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