March 14, 2019
Prime Minister Dr. Mostafa Madbouli and the delegation accompanying him continued the extensive tour of the Suez Canal Economic Zone project in EL Ain El-Sokhna, accompanied with Admiral Mohab Mameesh, chairman of the Suez Canal Authority and Suez Canal economic zone, who visited the Eldorado group, one of the main developers of the Suez Canal Economic Zone.
The company has been working on developing an area of 11.87 million square meters of the Suez Canal financial region, with a total investment of 15.3 billion Egyptian pounds. It is specialised in the manufacture of ceramics and medical supplies and the annual production is estimated at 11.1 billion Egyptian pounds and the sum of the exported good is 6.75 billion pounds. The cooperation has managed to provide up to 14880 job opportunities.
The Prime Minister and his accompanying delegation went to the Suez Industrial Development Company, an Orascom Construction Company, where he toured the region to learn about its components. He listened to an explanation of the area and it was mentioned that the Suez Industrial Development Company is one of the main developers in the region; it is working on developing an area of 8.7 million square metres of land in EL Ain El-Sokhna with a total investment of 65 billion Egyptian pounds. Through its propaganda, the cooperation has managed to attract a group of foreign and local investors reaching 60 industrial corporations providing a total of 15000 jobs directly and indirectly.