Advantages of economic zone
Sustainability
The Suez Canal Zone is committed to managing, operating and developing the region in a sustainable manner and to ensure that the demands of the development align with its principles of sustainability. In doing so, the Suez Canal Zone will manage effectively any adverse environmental and social impacts and promote environmental and social enhancement. Further, the Suez Canal Zone recognizes that processes and conditions can always be improved - and therefore will continually seek to achieve such improvements.
Economic
As a commercial operation, shareholder value creation will be a driver of business decisions. By delivering strong financial results and investing in the future, the Suez Canal Zone will boost regional wealth and employment. Innovation and continuous improvement in all activities will allow the Suez Canal Zone to continuously generate revenues and contribute to the regional and national economy
Operational
The Suez Canal Zone is committed to safe, secure and continuous operation of its facilities as both an objective and necessity. For the Suez Canal Zone, business continuity will be tied to ensuring regulatory compliance and maintaining the necessary capacity to operate and expand its operations. The Suez Canal Zone will strive to provide excellence in service delivery at all levels of operation, and in meeting stakeholder needs; in particular those of local communities.
Environmental
The Suez Canal Zone is committed to an active response to the long-term impacts of its projects and to enhancing the natural environment. The Suez Canal Zone’s sustainability goals are to maximize energy, water and waste efficiencies, managing developmental impacts, balancing built environment and biodiversity values, and achieving best practice in urban and built design.
Social
The Suez Canal Zone will be built upon a strong foundation of corporate social responsibility and a philosophy of partnership building between owners, users and neighbors. The Suez Canal Zone will promote the highest standards of health and safety on its facilities and will work with communities both existing and new, to ensure their support. In support of this commitment it will establish an Environment Committee that meets regularly to discuss and agree environmental policy andstrategy. Day to-day responsibility for environmental and social management will rest with a Division of the Suez Canal Zone
DOMESTIC CONNECTIVITY
SCZONE is well connected to the new modern road network of Egypt, also connect directly with the new Suez Canal tunnels which facilitates transportation between its two banks
SCZONE is well connected to the new modern road network of Egypt, also connect directly with the new Suez Canal tunnels which facilitates transportation between its two banks
INCENTIVES & REGULATIONS
We have the capabilities and facilities to make the investment at Suez Canal Economic Zone one of the most competitive and productive in the world.
- 100% foreign ownership of companies
- 100% foreign control of import/ export activities
- Imports exempt from customs duties and sales tax
- Fast-track visa services
Regulatory framework
- Foreign ownership
- Land ownership
- Dispute resolution system
- Capital repatriation
Financial incentives
- Corporate tax
- Personal tax
- Corporate loan rate
- Financial subsidies
- Regime Customs
Cost positioning
- Labor cost
- Shipping cost
- Telecom cost
- Utilities prices
- Construction cost
- Land lease cost