Egypt to create investment wing for SCZone -Zaki: Egypt is looking into creating an investment and commercial arm for the Suez Canal Economic Zone (SCZone), Chairman Yehia Zaki said according to Reuters. “We’d like to see a financial arm to this ... It can go into partnership with developers. It will go to banks and lending banks and investment banks and so on,” he said at an AmCham meeting on Sunday. “We are now preparing its scope and incorporation. The intention is to create an investment and commercial arm.” Zaki’s statements were made on the same day that he revealed cabinet plans to introduce new tax incentives for investors in the zone.

Tags: