As it struggles to revive its economy and create more jobs, Egypt is seeking to take further advantage of its strategic location between Africa, Asia and Europe.
The Suez Canal Economic Zone, launched in 2015, has plans to create an industrial and logistics hub surrounding the Suez Canal, the vital shipping route connecting the Red Sea and the Mediterranean.
“The most important feature of the zone is its geographical location on an international trade route,” says Mohab Mamish, the SCEZ chairman who also heads the Suez Canal Authority that runs the waterway. He adds that “10 per cent of global trade goes through the Suez Canal”.
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