• The Suez Canal Economic Zone (SCZONE) secured a 30 billion Egyptian pound (approx. $634 million) long-term financing agreement with Commercial International Bank (CIB).
• The 17-year loan will fund the modernization of ports (like East Port Said) and infrastructure, and restructure a previous EGP 10 billion debt.
• The investment aims to strengthen SCZONE's status as a logistics hub and support Egypt's Vision 2030 goal of boosting exports beyond $145 billion.

The Suez Canal Economic Zone (SCZONE) signed a long-term financing agreement on Tuesday, October 28, 2025, for 30 billion Egyptian pounds (approximately $634 million) with the Commercial International Bank (CIB). This 17-year loan seeks to modernize its ports and infrastructure, particularly at East Port Said, and support the development of its public and industrial services.

SCZONE Chairman Walid Gamal El-Din stated the funds will simultaneously repay and restructure a previous 10 billion Egyptian pound loan and inject 20 billion pounds of new capital for other infrastructure projects. This effort aligns with Egypt Vision 2030, which aims to lift the country's exports past $145 billion in value.

Amr Al-Janaini, CIB Executive Vice-President, declared the financing will not only "strengthen the infrastructure and facilities of the economic zone but also extend its impact to the national economy as a whole by providing new employment opportunities, increasing the country's competitiveness, and supporting its status as a logistics hub at the regional and international levels."

Designed to support the activities of the Suez Canal, the SCZONE aims to transform the region into an integrated platform for production, processing, and re-export. The zone attracted $8.3 billion in investments, spread across 272 projects, between the 2022/2023 period and March 2025. This performance illustrates its growing dynamism, supported by a vast infrastructure program and an improved business environment.

This article was initially published in French by Henoc Dossa

Adapted in English by Ange Jason Quenum