Arab Finance: The General Authority for the Suez Canal Economic Zone's (SCZONE) total revenues during the fiscal year (FY) 2025/2026 reached EGP 15.9 billion, marking a 51% increase over the FY's budget projections of EGP 10.5 billion, the authority's board stated in a meeting on the SCZONE's unaudited financial indicators.
This growth represents a substantial 37% jump compared to the EGP 11.6 billion recorded in the final accounts of FY 2024/2025, the board added.
These revenues are comprised dollar-denominated revenues of $246 million, accounting for 76% of the fiscal year's total receipts. This marks a 44% leap from the $171 million collected in the preceding year. Local currency revenues steadily climbed by 21% to EGP 3.8 billion, representing the remaining 24% of the financial pie, compared to EGP 3.17 billion in FY 2024/2025.
With a notable shift in the SCZONE's revenue structure, non-port industrial zones and alternative business activities contributed 19% to total revenues, more than doubling from an average of 8% to 19%. The contribution of port revenues fell to 81%, versus 92% previously.
The SCZONE’s board also reviewed the authority’s development path since its establishment, highlighting the steady increase in revenues over the past 10 years, noting that recorded revenues of EGP 15.9 billion in FY 2025/2026 mark a sixfold increase from EGP 2.8 billion in FY 2016/2017.
Cargo volumes handled at the authority’s ports, including both containerized and non-containerized goods, more than doubled during the period, rising to 108.7 million tonnes in FY 2025/2026 from 51.2 million tonnes in FY 2016/2017, marking an increase of more than 112%.
The authority attributed the growth in cargo activity to port development projects, expansions in berths and terminals, attracting major global port operators, and improving operational capacity and efficiency, highlighting its success in attracting investments to its affiliated industrial zones, strengthening its role as a regional hub for manufacturing and logistics services.
During FY 2025/2026, the authority secured contracts for 117 new projects in its industrial zones, with total investments of $7.26 billion. Once fully operational, the projects are expected to create around 73,500 direct jobs across a total area of 8.7 million square meters.
Over the past four years, the SCZONE has allocated 21.3 million square meters of land for investment projects, covering 398 projects in industrial zones and 14 projects at seaports.
The total number of contracted projects across industrial zones and ports has reached 412, with combined investments of $16.4 billion. These projects are expected to provide more than 145,000 direct jobs upon completion of all implementation phases.
During the meeting, Chairman of SCZONE Waleid Gamal El-Dein said the authority’s ability to achieve these results despite geopolitical challenges over the past four years reflects its competitiveness as a global investment destination.
He added that Egypt’s investments in infrastructure, political stability, and economic reforms have helped transform the SCZONE into a regional center capable of attracting global investments, supporting supply chain integration, and enhancing resilience against future challenges.
In June, the Cabinet's media center revealed that revenues generated by SCZONE more than tripled over the past eight years, rising from EGP 2.8 billion in FY 2016/2017 to EGP 11.6 billion in FY 2024/2025.
