SCZone reaches agreement with Kuwaiti investment fund to establish desalination plant

The Suez Canal Economic Zone (SCZone) has reached an agreement with an unnamed Kuwaiti investment fund to establish a 150k cubic feet desalination plant, Chief Ahmed Darwish says. The SCZone plans to increase its output to 250k cubic feet in the future, according to Al Borsa. On a related note, the SCZone is considering pricing water to companies in the zone at USD 0.6 per cubic feet. The CBE had agreed to allow the SCZone to collect utility bills at the zone in USD to the chagrin of companies stationed there.