Suez Canal Authority amends contracts with companies over economic zone projects

Suez Canal Authority pulls land from “non-serious” investors: The Suez Canal Authority has amended several previously agreed contracts with companies operating in the Suez Canal Economic Zone (SCZone), withdrawing land from “non-serious investors,” authority head Mohab Mamish said in a statement picked by Ahram Gate. The statement singled out two companies by name, including one that lost some 260k sqm of land and another that will pay nearly 7x more for land than previously agreed.