The General Authority for Suez Canal Economic Zone (SCZone) is targeting to become one the best seven investment destination in 2035 worldwide by making use of facilities, customs tax exemptions, and other measures that make it a competitive economic destination, Invest-Gate reports.

In SCZone, Ain Sokhna projects specifically have witnessed a great number of investments and developers’ interest, Chairman of SCZone Ahmed Darwish mentioned in a statement released by the State Information Service.

The Authority has signed contracts to develop 26.6 mn square meters in Ain Sokhna during the past year alone, multiple times that recorded for the past 12 years in total, with contracts signed to develop 3 million square meters. The hike highlights investors’ heightened interest, Darwish added.