Egypt's Suez Canal Economic Zone authorized to set up company to manage investments

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 port 4. various of factories within the Suez Canal Economic Zone 5. 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 partnersh