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This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.

The Chairman of SCZONE, Walid Gamal El-Din, also revealed that the overall investments between China and SCZONE have exceeded $2 billion.

In October 2023, Egypt was ranked 28th in a global e-mobility index, which reveals the country’s readiness to transition to EVs.

The government is working on solving the power crisis and that the saved resources are used for essential needs, such as food and medicine.

Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February.

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