Chairman of the Suez Canal Special Economic Zone (SCZone) Ahmed Darwish signed a memorandum of understanding with Board Chairperson of the Export Development Bank of Egypt(EXPA) Mervat Sultan on enhancing bilateral cooperation and magnify investors' benefit from the bank's services.

In statements following the memo inking, Darwish said the memorandum will offer credit facilities for economically-effective projects alongside technical support.

He said the memo falls within the framework of the SCZone keenness on offering all needed facilities to investors, noting that several contracts of projects in SCZone were signed to grease the wheel of development.