STORY: Egypt's Suez Canal Economic Zone authorized to set up company to manage investments
DATELINE: Aug. 4, 2023 
LENGTH: 00:01:05 
LOCATION: Cairo
CATEGORY: POLITICS/ECONOMY
 
SHOTLIST:
1. various of the Egyptian cabinet headquarters
2. various of Prime Minister Mostafa Madbouly speaking
3. various of the Sokhna port4. various of factories within the Suez Canal Economic Zone5. various of the Suez Canal Economic Zone under development 
STORYLINE:
 
The Egyptian government on Thursday authorized the General Authority for Suez Canal Economic Zone (SCZone) to set up a joint-stock company called "SCZone Istithmar" to manage investments.
 
According to a decision published by the official gazette, Egyptian Prime Minister Mostafa Madbouly has approved the move to establish the company, which is tasked with formulating strategic plans to manage the SCZone's current and future investments and set up joint development enterprises with the private sector.
 
The company will also seek cooperation and establish partnerships with both local and international companies to operate the infrastructure of the SCZone.
 
Established in August 2015, the SCZone, covering an area of 461 square km along the banks of the Suez Canal, is home to six ports and four development areas.
 
Xinhua News Agency correspondents reporting from Cairo. 
(XHTV)