Suez Canal Economic Zone, US embassy discuss investment cooperation

On September 30, 2026, Moustafa Sheikhoun, head of the General Authority for the Suez Canal Economic Zone (SCZONE), met with Eric Gaudiosi, Deputy Chief of Mission at the US Embassy in Cairo, to discuss investment cooperation between the two parties. The meeting aimed to explore potential areas of collaboration within the zone and enhance economic ties with the US business community.

The talks covered various sectors, such as water desalination, solar and renewable energy, pharmaceuticals, information technology, training centers, and port and logistics development. Sheikhoun emphasized SCZONE's assets, including industrial zones and logistics areas, which present a range of investment opportunities for US companies.

He noted the authority's interest in leveraging advanced expertise and technologies in shared areas of interest, while simultaneously expanding services and logistics facilities to support high-quality projects. Sheikhoun stressed that the authority seeks to translate cooperation with the US community into concrete initiatives tailored to specific investment opportunities and sectoral requirements.

Gaudiosi expressed the US side's enthusiasm for bolstering economic and investment cooperation with SCZONE, highlighting the importance of ongoing dialogue and sharing insights on available opportunities. The US delegation emphasized its willingness to explore additional areas of cooperation that align with mutual interests and contribute to increasing US investments in the zone.

Both sides recognized the significance of improved communication and coordination, with Gaudiosi pointing out the meeting as a vital step toward strengthening ties between the two parties.