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Anchorage Benitoite is an industrial complex that will produce various derivatives and petrochemical products with an investment of US$ 2.5 billion. The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt
Anchorage Investments, a company led by founder and managing director Ahmed Moharram, is working on one of the largest projects in the industrial zone affiliated with the Suez Canal Economic Zone (SCZONE). Anchorage Benitoite is an industrial complex that will produce various derivatives and petrochemical products with an investment of US$ 2.5 billion. The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt.
SCZONE offers many investment incentives and advantages that make it a global industrial, economic, and logistical center. The development of the SCZONE will boost Egypt’s economic growth to new heights, in addition to the existing projects in renewable energy and green hydrogen. He believes that the SCZONE is a gateway to economic progress and a pillar of development, with its huge investment and industrial projects.
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Moharram explained that SCZONE has many competitive advantages, such as its strategic location, which gives it access to six ports and two international airports. He also mentioned the investment incentives from the absence of customs taxes or value-added taxes when importing from the local market or abroad to the SCZONE, as well as the possibility of obtaining the golden license for strategic projects.
