Saudi investments pumped into Suez Canal economic zone

The economic authority of Suez Canal zone has handed over to ASIC Holding Company, a Saudi-Egyptian investment, an approval letter on the allocation of six million square meters, without utilities, in the economic zone.

The allocation letter includes an approval to the company to operate as an industrial developer, Dr Nasser Fouad, the first assistant head of the authority, told MENA on Sunday.

Asked about Josour Company which was established in the economic zone in 24 hours, he said it aims at offering feasibility study services to investors for available opportunities and standing projects within the economic zone.