President Abdel Fattah El Sisi appoints Mohab Mamish as new chairman of the General Authority of the Suez Canal Economic Zone (SCZone) for one year, Invest-Gate reports.

Mamish, who replaces Ahmed Darwish, formerly chaired the Suez Canal Authority, according to a released statement.

“I did not resign, but I fully trust the president’s decisions and vision, which will serve the coming stage that we all aspire to,” says Darwish on his official Facebook page.

Ahmed Darwish has presided over the SCZone authority since November 2015 and recently released an annual report on the authority’s achievements in 2016.