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SCZONE Receives British International Investment Delegation To Discuss Investment Opportunities In Green Hydrogen Industries

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Eng. Yehia Zaki, chairman of SCZONE, received a British delegation from the British International Investment to discuss investment opportunities in SCZONE within its 4 integrated industrial zones and 6 affiliated ports.

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Eng. Yehia Zaki, chairman of SCZONE, received a British delegation from the British International Investment to discuss investment opportunities in SCZONE within its 4 integrated industrial zones and 6 affiliated ports.

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This came after the delegation’s visit, yesterday, to SCZONE’s headquarters, as they met the Vice-chairman Mr Waleid Gamal El-Dein, to inspect the development work in the port of Sokhna and some factories in the industrial developer, the Suez Industrial Development Company “SIDC”.

Eng. Yehia Zaki demonstrated SCZONE’s capabilities to localize bunkering, and green hydrogen industries, as well as the exerted efforts to localize other targeted sectors within Egypt’s vision 2030.

“We want to enhance the cooperation with the British side to attract More British investments within SCZONE, especially to get benefit from our legislative facilities, and investment incentives. We also facilitate the procedures through the one-stop-shop that helps investors in completing all their procedures in one place, as well as granting 5-year residency to foreign investors and several special facilities” Eng. Yehia Zaki declared.

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”We also made several constructive steps in the green hydrogen file, which resulted in signing 7 memoranda of understanding with international companies and consortiums, to produce green fuel. Now we are helping the companies to finalise technical, legal and financial feasibility studies as a preparation for signing final contracts next November, coinciding with Egypt’s hosting of Cop27 in Sharm El Sheikh.” Zaki added

For its side, the British delegation members expressed their happiness with SCZONE’s achievements or the procedures it did in specific industrial sectors, especially those steps in green fuel production, which greatly contribute to the transformation towards a better world.

It is worth noting that the British Investment Corporation (BII) is the UK’s development finance institution and impact investor with a mission to help solve the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation.

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