New joint venture company planning infrastructure projects in Suez Canal economic zone until 2030, to boost investment

A “huge amount” of infrastructure work is taking place within the new Suez Canal Economic Zone to attract new investment, Zawya reports. The General Authority for the Suez Canal Economic Zone aims to build new water treatment and desalination plants to provide 250,000 cubic metres (m3) of water per day. The first plant will treat around 20,000 m3 of water per day, and will be completed by 2022 while a larger 130k m3 per day plant is planned for later in the decade. In addition, the authority plans to add an extra 300MW of electricity-generating capacity by 2025.