SCZONE inaugurates Beltone Leasing’s branch at Sokhna HQ

Updated 6/2/2025 1:58:00 PM

Arab Finance: The General Authority of the Suez Canal Economic Zone (SCZONE) has inaugurated the new branch of Beltone Leasing and Factoring, a subsidiary of Beltone Holding, in the Sokhna Industrial Zone, according to an emailed press release.

Ahmed Saad, CEO of the SCZONE, and Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, witnessed the opening within SCZONE’s headquarters (HQ) in the Sokhna Industrial Zone.

The launch, which followed the company’s approval from the Financial Regulatory Authority (FRA), positioned Beltone Leasing as the first non-banking financial institution to commence operations in the SCZONE.

Waleid Gamal El-Dien, Chairman of SCZONE, commented: "The opening of Beltone Leasing and Factoring’s branch within our headquarters in Sokhna is a qualitative step towards enhancing the business environment within SCZONE by providing specialized financial services that facilitate effective financing and investment solutions for investors.”

“This move is part of SCZONE’s broader strategy to establish an integrated financial infrastructure that keeps pace with the growing needs of industrial and logistics activities,” Gamal El-Dien added.

Ghannam said: "This step opens new avenues for financing industrial projects and strategic export activities, thereby contributing to economic development and supporting national growth objectives."

The inauguration aligns with SCZONE’s objectives to improve the services ecosystem offered to investors.

The efforts include the one-stop-shop service, digital transformation of investor services, presence of several banks, and the integration of industrial as well as logistical support services within SCZONE.

The authority seeks to simplify access to services and provide an investor-friendly environment that enables efficiency, accelerates execution, and keeps up with global best practices in investment facilitation.