Egypt's Suez Canal to hold panel discussion at COP 27 on green solutions, investment opportunities

Sat, 05 Nov 2022 - 01:51 GMT

The panel discussion will take place at the Green Zone on November 11.

Egypt decides to grant 5-year residency to investors in SCZone

Tue, 13 Sep 2022 - 02:35 GMT

A quinquennial residence (five-year residence) permit is granted for a period of five years, which may be renewed for foreigners.

4 int'l companies compete for petrochemical complex project in SCZone

Wed, 24 Aug 2022 - 05:02 GMT

The list of qualified companies included Italy's Technip Energy, Spain's Tecnicas Reunidas, Samsung Engineering Ltd. and Hyundai Engineering and Construction from South Korea.

SCZone, Toyota Tsusho Corporation sign MoU

Wed, 17 Aug 2022 - 04:28 GMT

The move falls within the framework of continued cooperation between the SCZONE and the Japanese side in order to increase the number of Japanese projects in the economic zone.

SCZone discusses green hydrogen with int'l companies

Wed, 29 Jun 2022 - 03:05 GMT

"The signing of MOUs was to provide an opportunity for the companies to carry out technical, financial, and legal feasibility studies, which qualifies them to invest and move forward to sign the final contracts in coinciding with COP27 conference that Egypt will host next November, to start the first phase of green fuel production by 2025," Zaki added

Egypt allocates land for DP World to establish logistics zone in early 2023

Mon, 20 Jun 2022 - 04:20 GMT

"The preference now is to start a logistics zone for DP World, then discussions will turn into an industrial zone, provided that dealings in this agreement will start at the beginning of next year,” he added.

Egypt to build automotive factory in SCzone targeting to produce 75K vehicles per annum in 1st phase

Tue, 14 Jun 2022 - 03:32 GMT

Prime Minister Mostafa Madbouli attended Tuesday the signing of a quadrilateral memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) located Eastern Port Said.

SCZone signs $4B MoU with German company to establish 1st plant to convert waste into hydrogen

Wed, 01 Jun 2022 - 03:51 GMT

The MoU was signed by Yehya Zaki, Head of the Suez Canal Economic Zone, and Michael Stoch, CEO of H2 Industries, to establish a plant for converting waste into green fuel in East Port Said, with a production capacity of 300,000 tons per year of green hydrogen.

SCZONE main gateway to African countries: Japanese Ambassador to Cairo

Thu, 12 May 2022 - 02:31 GMT

The Japanese ambassador went on a site visit to watch Saraya project that includes a complex of factories on an area of ​​20,000 square meters with investments cost $10 million to produce Japanese sterilization supplies and cosmetics in Egypt.

Egypt, Total Energies sign MoU to produce 300K tons of green ammonia in Sokhna region

Thu, 12 May 2022 - 10:31 GMT

Green ammonia is a 100-percent renewable and carbon-free ammonia that is produced by green hydrogen, which is obtained by “using hydrogen from water electrolysis and nitrogen separated from the air.”

Egypt signs MoU for French, Emirati projects to produce green fuel in SCZone

Wed, 20 Apr 2022 - 02:06 GMT

The Memoranda of Understanding are aiming to establish projects to produce green fuel and green ammonia in the Sokhna.

Egypt allocated areas for producing green hydrogen at SCZone - PM

Mon, 11 Apr 2022 - 02:01 GMT

The premier stressed Egypt’s keenness on reinforcing its partnership with EU, especially in the field of energy, noting that President Abdel Fattah El Sisi is paying special focus on such key sector.

In less than 1 week: Egypt signs other MoUs to produce green hydrogen

Thu, 31 Mar 2022 - 11:34 GMT

The plant will also be located at Ain Sokhna Industrial Zone affiliated to Suez Canal Economic Zone (SCzone).

SCZone in discussions with Maersk for green fuel production

Fri, 11 Mar 2022 - 03:18 GMT

The meeting was through a 3 day-workshop began between the two sides in Cairo, followed by a visit for Maersk delegation to the integrated industrial zone in Sokhna, to discuss ways to implement projects of green methanol and green ammonia production.

EBRD supports digital transformation of Suez Canal Economic Zone

Mon, 07 Mar 2022 - 02:01 GMT

SCZONE elaborated that this phase is based on the establishment of an integrated digital and interactive service, enabling it to fully manage the services provided, and integrate new services into a digital platform in accordance with the framework organizational body.

Madbouli asserts importance of boosting SCZone as logistic center of world trade movement

Tue, 22 Feb 2022 - 04:33 GMT

Madbouli also asserted the importance of creating an integrated community that depends on the sectors of industry, maritime transport and logistic services to support the economic development wheel in Egypt.

Total investments in SCZone reach $18B

Sun, 13 Feb 2022 - 03:08 GMT

Zaki confirmed that the economic zone seeks to become a destination for investors due to its great comparative advantages.

SCZone, ThPA S.A. sign cooperation agreement

Wed, 26 Jan 2022 - 02:25 GMT

The main objective of this cooperation is the exchange of knowledge and professional experience between the parties and the development of joint initiatives focusing on commercial and educational actions in the context of port activity, according to the SCZone.

SCZone reveals its achievements in 2021 report, investments exceed $10B

Mon, 17 Jan 2022 - 03:20 GMT

The report revealed the most important and prominent decisions were taken by the Egyptian government to encourage investments in SCZone.

Govt keen to maximize benefit from Suez Canal value, says min.

Sun, 16 Jan 2022 - 01:33 GMT

Gamea made the remarks during her participation Sunday in a symposium organized by the Suez Canal Authority (SCA) under the rubric :" Suez Canal and Global Trade Challenges".