Huge developments for the Suez Canal Economic Zone

The first phase of a significant development plan for the Suez Canal Economic Zone is expected to be completed by 2030, with the second and last phases by 2050.

A further $1bn, approved by the Suez Canal Authority, will also be invested in the development of three ports. The projects will be based in Ain Sokhna and East Port Said to increase overall storage capacity.

The development is expected to include the development of a logistics hub, residential area, industrial zones, plus two 450 sqm development projects in West Qantara and East Ismailia.

These are expected to include six ports, although it isn’t yet clear which project phase these will be developed in.

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