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Egypt expects $150bn to be invested in Suez Canal zone

Staff writer |
As President Sisi inaugurated the expanded Suez Canal in August, all eyes are now on the next phase of the development of Egypt’s economy: The development of the Suez Canal Zone and supporting industries, IQPC media release said.

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It is expected that Egypt will now become a top global hub.
"With the increased volume of shipping passing through the canal, it is expected that Egypt will now become a top global hub for the transshipment of goods and for the location of value-added services, as new industry establishes itself in the Canal Zone corridor and on Egypt’s coastline," the press release reads.

As part of this process, a total of $150 billion of investment is expected to take place in the zone in the coming 15 years, together with major projects in Egypt’s coastal areas.

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