Egypt expects $150 bn to be invested in coastal and Canal zone development projects

As President Sisi inaugurated the expanded Suez Canal in August, all eyes are now on the next phase of the development of Egypt’s economy: The development of the Suez Canal Zone and supporting industries, IQPC media release said.

"With the increased volume of shipping passing through the canal, it is expected that Egypt will now become a top global hub for the transshipment of goods and for the location of value-added services, as new industry establishes itself in the Canal Zone corridor and on Egypt’s coastline," the press release reads.

As part of this process, a total of US$150 billion of investment is expected to take place in the zone in the coming 15 years, together with major projects in Egypt’s coastal areas.

To find out what shape the developments will take and to learn more about them, businesses and government authorities will be brought together at the Coastal and Canal Zone Development Conference, November 17-19. The event venue: Dusit Thani LakeView Cairo, Egypt.

With presentations from representatives of the Suez Canal Authority, Ministry of Industry, Ministry of Supply and Internal Trade, Industrial Development Authority, Red Sea Ports Authority, Port Said Port Authority, General Authority for Free Zones and Investment, Ministry of Transport and many more, this conference represents a great opportunity to position your company front-of-mind for Egypt’s decision makers as they embark on new mega projects.

Companies including Ernst & Young, NMDC, Kranunion, Egytrans, Dextra, ADIB, Dredging International and many more have confirmed their places and this event will sell out.

See more on: http://www.canalzonedevelopment.com/