PXL/HO/Cir-109/2020-21                                                                                             Date: 14.12.2020

                                                                                                                                   Hyderabad

Dear Sir/Madam,

Subject: Business Opportunities for production of API’s in Suez Canal Economic Zone (SCZONE), Egypt

We would like to inform our member companies about opportunities for Indian API manufacturers in the Suez Canal Economic Zone (SCZone), Egypt.

The council is in receipt of communication from our mission in Cairo stating the interest of Egyptian government towards collaboration with Indian manufacturers for production of Active Pharmaceutical Ingredients in Egypt. Manufacturing of API has been identified as a priority sector by the Egyptian government with a vision to transform Egypt as a hub of pharmaceutical products supplying to the entire African continent.

Suez Canal Economic Zone (SCZone) offers varied financial incentives, tax breaks and perks from Egypt’s Free Trade Agreements to maximize the benefits for investors. A brief outline of the economic zone is enclosed herewith for reference.

Member companies looking forward to expanding their business operations in the region and are willing to set up manufacturing units in Egypt may write directly to Mr. Tarek Hasjem,  Investors Relation Manager  Suez Canal Economic Zone,  email is: Tarek.Hashem@sczone.eg /  invest@sczone.eg with a copy to Mr. Nahas Ali, Second Secretary, Embassy of India, Cairo com.cairo@mea.gov.in .

With regards,

Uday Bhaskar

Director General 

Encl: Brief outline