Egypt's Suez Canal Economic Zone posts record $237M revenues
Suez Canal transit revenues declined 54% between July 2024 and March 2025, caused by reduced shipping traffic in the Red Sea amid attacks by Yemen's Houthi rebels on commercial vessels.
Egypt’s Suez Canal Economic Zone (SCZone) reported record revenues for the 2024-2025 fiscal year of 11.6 billion Egyptian pounds ($237 million), up 38% compared to the previous fiscal year, a welcome boost as the country gradually emerges from its worst economic crisis in decades.
What happened: At its second board meeting of the 2025/2026 fiscal year on Monday in Egypt’s New Administrative Capital, about 45 kilometers east of Cairo, the SCZone reported net profits of 8.6 billion pounds ($180 million), up 51% from the previous year, according to Egyptian media.
Chairman Walid Gamal El-Din said the zone had completed 129 projects worth $4.4 billion in 2024/2025, generating 31,202 jobs.
The SCZone sits along the Suez Canal, a vital trade artery linking Asia and Europe through the Middle East and North Africa. The manmade waterway carries 12-15% of global trade and about 30% of worldwide container traffic.
