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Sisi appoints new chairman for Suez Canal Economic Zone

Egyptian President Abdel Fattah al-Sisi issued a decree appointing Waleid Gamal al-Dein as the new chairman for the General Authority of Suez Canal Economic Zone (SCZone) for a period of one year starting August 12.

Gamal al-Dein served as the Chief executive officer of SCZone from January 2020, then Vice-Chairman of SCZone for Investment and Promotion Affairs by a presidential decree issued in May 2022.

Al-Dein is a seasoned Investment Executive with over 25 years of experience in investment management as well as a proven track record in investment banking, money management and real estate development.

The SCZone is implementing its strategic plan 2020-2025, which aims to localize targeted industries that enhance its competitiveness, as well as meet the needs of regional markets from these industries.

It also exerts great efforts to proceed with the procedures of localizing the green fuel industries in coinciding with Egypt’s hosting of the COP27 Climate Change Summit, in November.

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