The Egyptian government has chosen three consulting firms - Misr Capital, Al Nour Consulting Group, and Global Appraisal Tech (GAT) - to value the land of the Suez Canal Economic Zone.

The trio started valuing the land prices last week, reported the Daily News Egypt, citing a top official.

"These companies will handle an enormous task that may take a long time, but work will begin urgently as a first stage in Ain Sokhna, East Port Said and El Qantarah in Ismailia," stated Ahmed Darwish, the chairperson of The Suez Canal Economic Zone Authority.
 
Several investors had previously said that they were waiting for the exact land prices of various areas in the economic zone so that they can start studies on possible projects, said the report.

President Abdel Fattah Al Sisi issued a presidential decree in August 2015 announcing the establishment of the Suez Canal Economic Zone to be on an area of 460.6 sq km as a special economic area, according to the Economic Zones Law No 83/2002 that was amended to suit the nature of the area.

As per the decree, six ports are affiliated to the Suez Canal Economic Zone: West and East Port Said, Ain Sokhna, Adabia, Al Arish, and El Tor.