Industrial growth in Suez Canal Zone proves value of infrastructure investment

Prime Minister Mostafa Madbouly said that the industrial development taking place in the Qantara West Zone of the Suez Canal Economic Zone (SCZONE) is the result of years of investment in infrastructure, turning undeveloped land into a hub for manufacturing and exports.

These remarks came during the PM’s visit to the Qantara West Industrial Zone, part of the Suez Canal Economic Zone, where he inaugurated several new development and industrial projects.

Madbouly stated that $1 billion in foreign investment has already been pumped into projects in the area, creating 50,000 jobs. Once the zone reaches full capacity with 50 factories, it could generate annual exports worth $25 billion and provide 500,000 jobs.

The Premier explained that while the site had been planned for development before 2011, progress only began seriously in the past three years. The location was selected for its proximity to major ports and ability to serve several governorates, making it ideal for industrial activity.

The land, which was previously filled with saltwater ponds, has been reclaimed and fitted with roads, water, gas, electricity, sewage, and communication networks. The entire area covers 20 million square meters. The first phase alone required LE15 billion in infrastructure spending. So far, 40 projects are underway, and two factories have opened.