Mr. Ahmed Saad, CEO of The General Authority of the Suez
Canal Economic Zone (SCZONE) and Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing,
Factoring, and Consumer Finance, inaugurated the new branch of Beltone Leasing and
Factoring, a wholly owned subsidiary of Beltone Holding, located within SCZONE’s
headquarters in the Sokhna Industrial Zone. The branch opening follows the company’s
approval from the Financial Regulatory Authority (FRA).
This strategic expansion positions Beltone Leasing and Factoring as the first non-banking
financial institution to commence operations in the SCZONE, one of Egypt’s most prominent
economic growth engines and a vital gateway for industrial investment, global trade, and
regional logistics.
“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. We continue to attract major financial entities to our industrial zones,
reaffirming our commitment to creating a stimulating investment climate that support
investments and investors, drives sustainable development, and supports the national
economy.”Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.
Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance,
commented:”We are proud to be the first leasing and factoring company to begin
operations within the SCZone to finance investors. This step opens new avenues for
financing industrial projects and strategic export activities, thereby contributing to
economic development and supporting national growth objectives.”
It is noteworthy that the opening of Beltone Leasing and Factoring’s branch at SCZONE’s
headquarters in Sokhna aligns with its ongoing efforts to enhance the services ecosystem
offered to investors. These efforts include the one-stop-shop service, digital transformation
of investor services, presence of various banks, and the integration of industrial and
logistical support services within SCZONE, all of which simplify access to services and
provide an investor-friendly environment that enables efficiency, accelerates execution, and
aligns with global best practices in investment facilitation.
