The Suez Canal Economic Zone (SCZone) has experienced significant growth in recent years, attracting substantial investments and expanding its infrastructure. Despite facing challenges such as regional tensions affecting canal traffic, the SCZone has demonstrated resilience and continued development.
In the fiscal year 2024/25, the SCZone reported a 38% year-on-year increase in revenue, reaching 11.43 billion Egyptian pounds. This growth was achieved despite a downturn in Suez Canal traffic, which saw revenues decline by 54.1% to $2.6 billion between July 2024 and March 2025, attributed to regional tensions in the Red Sea. The SCZone's strategic initiatives have contributed to its robust financial performance.
Between July 2023 and April 2024, the SCZone secured 144 projects worth $3.2 billion, encompassing various sectors including logistics, ports, and industrial ventures. These projects are expected to generate over 25,000 direct and indirect job opportunities, underscoring the zone's role in economic development and employment generation.
In May 2025, the SCZone partnered with AD Ports Group to develop and operate the KEZAD East Port Said Industrial and Logistics Zone. This 20 km² industrial and logistics park aims to enhance the SCZone's capacity and attract further investments, reinforcing its position as a key hub for international trade and industry.
Additionally, the SCZone has been proactive in the green energy sector, securing $64 billion in green hydrogen investments through 12 framework agreements. These initiatives aim to produce 18 million tons of green hydrogen annually, aligning with global trends towards sustainable energy solutions and positioning the SCZone as a leader in green fuel production.
Despite challenges such as regional instability affecting canal traffic, the SCZone's strategic initiatives and partnerships have facilitated its growth and development, contributing to Egypt's economic diversification and resilience.