Beta Launch Tuesday, 25 September 2018
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

Mamish:DP-SCzone partnership to realize leap in logistic services, shipping in Sokhna port

Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish said the partnership between the SCZone and Dubai Ports (DP) will realize a quantum leap in logistic services and shipping in the Red Sea Port of Sokhna.

The partnership will also expedite industrial projects in the area, Mamish said in statements before leaving to Dubai to attend a meeting of the SCZone-DP joint committee meant to finalize procedures for establishing an international company for developing Sokhna port.

The project includes a comprehensive economic zone in Sokhna, including an industrial free zone and a number of development ventures that will boost the national economy and create jobs for Egyptian youth. 

The project will cover 95 square kilometers and include industrial and residential areas coupled with the development of Sokhna Port, increasing its capacity and creating about 500,000 direct jobs. 

A residential zone spanning 20 square kilometers will include coastal villas, residential units, shopping and administrative centers, entertainment facilities, mosques, schools, hospitals, clubs and green spaces.

The residential area will be able to accommodate 650,000 people. 

The SCZone's share in the project will be 51% while DP's will be 49%.

The project will also help transform the Suez Canal into a major trade and business hub in the region, given its strategic location and role as an artery for global trade.

This is an important step in Egypt’s industrial and economic growth journey, while taking advantage of the strategic location of the Suez Canal.

RECOMMENDED

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.