PM witnesses handover of SCZONE presidency
Prime Minister Moustafa Madbouly received Tuesday, August 18, 2026, Moustafa Shekhon, following President Abdel Fattah al-Sisi’s decision to appoint him chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), and Walid Gamal al-Din, the authority’s outgoing chairman, as part of the formal handover of the chairmanship. At the beginning of the meeting, … The post PM witnesses…
On August 18, 2026, Prime Minister Moustafa Madbouly formally received Moustafa Shekhon to assume the presidency of the General Authority for the Suez Canal Economic Zone (SCZONE). The outgoing chairman, Walid Gamal al-Din, was acknowledged for his contributions during his tenure, especially in advancing the zone as a global investment destination and logistics hub.
Madbouly praised the zone's state-of-the-art infrastructure, energy resources, and skilled workforce, and expressed confidence in Shekhon's ability to build upon the zone's achievements. Shekhon, in turn, thanked President Sisi for the appointment and pledged to continue the zone's success in attracting investment and developing industrial and logistics sectors.
Gamal al-Din reflected on his four-year tenure, noting the authority's completion of $16.4 billion in projects that are expected to create over 145,000 jobs. He also thanked Madbouly for his support and wished the Suez Canal Economic Zone continued prosperity in its development endeavors.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
