SCZONE & Beltone: New Leasing & Factoring Branch Opens at Sokhna
- Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has launched a new branch in the Suez Canal Economic zone (SCZONE).
- The Financial Regulatory Authority (FRA) approved Beltone Leasing and Factoring's operation within SCZONE, marking it as the first non-banking financial institution to establish a presence there.
- Waleid Gamal el-Dien, chairperson of SCZONE, emphasized the meaning of this expansion for the zone's investment climate.
Beltone leasing and Factoring expands into the Suez Canal Economic Zone (SCZONE) with a new branch launch in Sokhna, a move designed to invigorate industrial investment and boost trade. This landmark opening, approved by the Financial Regulatory authority (FRA), marks the first non-banking financial institution to establish a presence in the SCZONE, a clear indicator of the zone’s rising importance. The initiative aims to provide specialized financial services, facilitate financing, and support export activities, thereby contributing to robust national economic growth; the move enhances the SCZONE’s financial infrastructure. The SCZONE’s commitment to streamlining investor services, including a one-stop-shop and digital change, supports its growth. News Directory 3 highlights this significant development. Discover what’s next as the SCZONE continues to attract financial institutions and fostering investment.
Beltone Leasing Opens Branch in suez Canal Economic Zone
Updated june 02, 2025
Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has launched a new branch in the Suez Canal Economic zone (SCZONE). The inauguration took place at SCZONE’s headquarters in the Sokhna Industrial Zone. Ahmed Saad, CEO of SCZONE, and Amir Ghannam, deputy head of Non-Banking Financial Institutions (NBFIs), attended the event.
The Financial Regulatory Authority (FRA) approved Beltone Leasing and Factoring’s operation within SCZONE, marking it as the first non-banking financial institution to establish a presence there. This initiative highlights SCZONE’s increasing importance as a center for industrial investment,international trade,and logistics.
Waleid Gamal el-Dien, chairperson of SCZONE, emphasized the meaning of this expansion for the zone’s investment climate. He stated that the new branch represents a step forward in delivering specialized financial services to facilitate effective financing and investment solutions. SCZONE aims to attract leading financial institutions to create a supportive investment habitat.
“The opening of Beltone Leasing and Factoring’s branch within our sokhna headquarters marks a qualitative leap in providing specialized financial services that facilitate effective financing and investment solutions,” Waleid Gamal El-Dien said.
Ghannam highlighted the broader economic benefits, noting that the branch will create new opportunities for financing industrial projects and supporting export activities, contributing to national economic growth.
The launch aligns with SCZONE’s ongoing efforts to improve its service ecosystem for investors.These efforts include a one-stop-shop service, digital transformation of investor services, and the presence of banking institutions, all designed to streamline processes and enhance operational efficiency.
What’s next
SCZONE plans to continue attracting financial institutions and implementing best practices to further enhance its investment climate and support industrial growth in the region. The focus remains on providing extensive financial services and fostering a dynamic environment for investors.