The European Bank for Reconstruction and Development (EBRD) is launching phase two of its technical support program…
The European Bank for Reconstruction and Development (EBRD) is launching phase two of its technical support program to digitalise the Suez Canal Economic Zone (SCZone). Phase one was released in August 2020 and successfully completed in 2022, resulting in significant cuts in red tape for investors, according to EBRD, including a 35 per cent reduction in procedures for re-engineered services while revenues from fees and service charges went up by 110 per cent.