{"id":595826,"date":"2019-08-07T04:00:26","date_gmt":"2019-08-07T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/"},"modified":"2019-08-07T04:00:26","modified_gmt":"2019-08-07T04:00:26","slug":"suez-canal-zone-lowers-investment-forecasts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/","title":{"rendered":"Suez Canal Zone lowers investment forecasts"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- SCZone revises investment forecasts downwards:<\/b> Suez Canal Economic Zone (SCZone) boss Mohab Mamish has revised downwards investment forecasts, announcing in a press conference yesterday that he expects the zone to attract USD 50 bn of investment by 2030 instead of USD 55 bn by 2024 forecast in March this year<\/a> (watch, runtime: 6:21<\/a>). Investments currently stand at USD 25 bn and are expected to reach USD 30 bn \u201cin the coming period,\u201d Mamish said, adding that up to 1 mn jobs will be created in the zone over the coming decade. The SCZone is a key component of a government plan<\/a> to draw foreign investments in the automotive, electronics, ICT, and pharma. The planned USD 7 bn Russian Industrial Zone (RIZ) is also expected to attract investments in pharma, agricultural equipment and other industries.<\/p>\n

Meanwhile, revenues from the Suez Canal increased 5.4% y-o-y during FY 2018-2019 to USD 5.9 bn<\/b>, compared to USD 5.6 bn a year earlier, according to a cabinet infographic<\/a>. Proceeds that went to state treasury rose by 19.3% during the fiscal year, reaching a record high of EGP 72.2 bn (c. USD 4.3 bn).<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- SCZone revises investment forecasts downwards: Suez Canal Economic Zone (SCZone) boss Mohab Mamish has revised downwards investment forecasts, announcing in a press conference yesterday that he expects the zone to attract USD 50 bn of investment by 2030 instead of USD 55 bn by 2024 forecast in March this year (watch, runtime: 6:21). […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,125,2380,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595826","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-speed-round","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"69ec5cbf-c792-4810-9c47-291e327df49b","is_powered_by":true,"section_story_id":"69be6764-5956-4ec6-86dd-4c43bf359348","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595814],"teaser":"","voice_url":""},"yoast_head":"\nSuez Canal Zone lowers investment forecasts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Canal Zone lowers investment forecasts\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- SCZone revises investment forecasts downwards: Suez Canal Economic Zone (SCZone) boss Mohab Mamish has revised downwards investment forecasts, announcing in a press conference yesterday that he expects the zone to attract USD 50 bn of investment by 2030 instead of USD 55 bn by 2024 forecast in March this year (watch, runtime: 6:21). […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-07T04:00:26+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Canal Zone lowers investment forecasts\",\"datePublished\":\"2019-08-07T04:00:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"SPEED ROUND\",\"Suez Canal\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\",\"name\":\"Suez Canal Zone lowers investment forecasts - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-08-07T04:00:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suez Canal Zone lowers investment forecasts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Suez Canal Zone lowers investment forecasts - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/","og_locale":"en_US","og_type":"article","og_title":"Suez Canal Zone lowers investment forecasts","og_description":"INVESTMENT WATCH- SCZone revises investment forecasts downwards: Suez Canal Economic Zone (SCZone) boss Mohab Mamish has revised downwards investment forecasts, announcing in a press conference yesterday that he expects the zone to attract USD 50 bn of investment by 2030 instead of USD 55 bn by 2024 forecast in March this year (watch, runtime: 6:21). […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-08-07T04:00:26+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Suez Canal Zone lowers investment forecasts","datePublished":"2019-08-07T04:00:26+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/"},"wordCount":181,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","investment watch","SPEED ROUND","Suez Canal"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/","name":"Suez Canal Zone lowers investment forecasts - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-08-07T04:00:26+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/suez-canal-zone-lowers-investment-forecasts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Suez Canal Zone lowers investment forecasts"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":621924,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/mamish-signs-contracts-for-three-new-sczone-projects\/","url_meta":{"origin":595826,"position":0},"title":"Mamish signs contracts for three new SCZone projects","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"Suez Canal Economic Zone (SCZone) head Mohab Mamish signed yesterday three contracts with local and international companies for projects in the zone, Al Mal reports. The projects include a USD 1.8 bn salt production factory, which India\u2019s TCI Sanmar will establish under a three-year usufruct basis, and a EGP 1.6\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597457,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/egypts-sczone-revenue-hits-new-stride\/","url_meta":{"origin":595826,"position":1},"title":"Egypt\u2019s SCZone revenue hits new stride","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"SCZone revenues hits new record: Revenues from the Suez Canal Economic Zone recorded EGP 3.7 bn in FY2018-2019, the highest recorded level since the zone\u2019s inauguration, Suez Canal Authority Chairman Mohab Mamish said. Net profit for the fiscal year, meanwhile, came at EGP 2.2, up 35% from EGP 1.6 bn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641991,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/abou-hashima-rezones-his-usd-5-5-bn-steel-plant-in-sczone\/","url_meta":{"origin":595826,"position":2},"title":"Abou Hashima rezones his USD 5.5 bn steel plant in SCZone","author":"enterpriseam admin","date":"3 August 2017","format":false,"excerpt":"Abou Hashima rezones his USD 5.5 bn steel plant to fall in the SCZone: Egyptian Steel Chairman and CEO Ahmed Abou Hashima signed an agreement with Suez Canal Economic Zone (SCZone) Chairman Mohab Mamish which would see his USD 5.5 bn steel plant rezoned within the SCZone. The plant will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631443,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/19\/sczone-expects-ain-sokhna-multi-use-zone-to-reel-in-usd-60-bn-in-investments\/","url_meta":{"origin":595826,"position":3},"title":"SCZone expects Ain Sokhna multi-use zone to reel in USD 60 bn in investments","author":"enterpriseam admin","date":"19 March 2018","format":false,"excerpt":"INVESTMENT WATCH- SCZone expects investments in Ain Sokhna multi-use zone to reach USD 60 bn: The Suez Canal Economic Zone (SCZone) expects the first phase of the Ain Sokhna multi-use zone it is developing with DP World to reel in investments worth USD 60 bn, SCZone\u2019s head of investments Tarek\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637108,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf\/","url_meta":{"origin":595826,"position":4},"title":"Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"INVESTMENT WATCH- The Suez Canal Authority signed six MoUs for projects worth a combined USD 40 bn at the World Economic Youth Forum yesterday, Youm7 reports. DP World is expected develop USD 5.6 bn in infrastructure over a 96k sqm area in Ain Sokhna, sources tell Al Mal. The port\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644728,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/02\/danieli-to-secure-loan-for-usd-1-bn-steel-complex-in-sczone-in-july\/","url_meta":{"origin":595826,"position":5},"title":"Danieli to secure loan for USD 1 bn steel complex in SCZone in July","author":"enterpriseam admin","date":"2 July 2017","format":false,"excerpt":"Italy\u2019s Danieli Group is expected to secure a loan in July to begin work on a USD 1 bn steel manufacturing plant in Ain Sokhna, Suez Canal Economic Zone Chairman Mohab Mamish said, according to Al Mal.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=595826"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595826\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595814"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595826"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595826"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}