The Suez Canal Economic Zone (SCZone) signed nine agreements worth USD 15 bn in 2016, according to a yearly performance report picked up by the press last night. Four of these agreements came after years of fruitless talks, such as the USD 200 mn investment by TEDA. Other agreements include the EUR 4 bn pharma city and a USD 200 mn agreement with ASK-Capital. The authority is following a “slow and steady” investment strategy that is focused first on infrastructure development in the area, Head Ahmed Darwish said. The SCzone is reportedly planning USD 2 bn worth of new investments in 2017 and is already in talks with Singapore’s PSA International to build a container terminal in East Port Said, as well as Toyota and Japan’s NYK over a platform for cars, Al Borsa said.