CAIRO, Jan. 30 (Xinhua) -- Egypt's General Authority of the Suez Canal Economic Zone (SCZone) said on Thursday that its net revenues surged to around 5.7 billion Egyptian pounds (nearly 113.5 million U.S. dollars) in the first six months of the current fiscal year 2024-2025, a 32 percent increase from 4.3 billion pounds in the same period of the previous fiscal year.
The fiscal year in Egypt ends in June.
SCZone Chairman Waleid Gamaleldien said SCZone, via promotional efforts, succeeded in attracting 66 new projects across different sectors in the past six months.
Established in August 2015, SCZone, covering an area of 461 square km along the banks of the Suez Canal, is home to six ports and four development areas.
SCZone aims to attract domestic and foreign investors by providing logistic and industrial services in accordance with international criteria.
