Egypt’s SCZone offers customs, tax incentives to establish new firms

Egypt’s Suez Canal Economic Zone (SCZone) offers many customs and tax incentives and enjoys many legal systems that allow establishing companies operating in different sectors, its chairman said on Tuesday.

Yehia Zaki made these remarks during his video-conference meeting with representatives of the Federation of German Industries, Egypt’s Ambassador in Berlin Khaled Galal, investors, and officials at the Egyptian German Technical Academy, according to a statement released by SCZone.

The zone’s future strategy focuses on studying the local market’s needs from industries, including the pharmaceutical industries, automotive feeding industries, and food and electronic industries, he added