Egypt’s SCZone, Chinese companies sign $487 million deals in energy, textiles, petrochemicals, bromine in Ain Sokhna

Fri, 26 May 2023 - 04:45 GMT

Chairman of the Suez Canal Economic Zone (SCZone) Walid Gamal El Dien announced the signing of $487 million agreements and contracts between a number of Chinese companies and the industrial developer TEDA-Egypt for establishing new projects in the industrial zone of Al Ain Al Sokhna.

SCZone, China Energy transform green hydrogen MOU to collaboration framework

Tue, 23 May 2023 - 04:51 GMT

The change is in line with the zone’s strategic efforts to encourage green hydrogen projects and foster partnerships in the renewable energy sector

SCZone committed to fostering co-op with Chinese investors, says SCZone chairman

Tue, 23 May 2023 - 03:02 GMT

He also expressed SCZone's commitment to fostering cooperation with Chinese investors. The forum aims to be a platform for dialogue and collaboration between the two countries

India's Flex invests $110M in polyethylene production in SCZone

Mon, 10 Apr 2023 - 03:05 GMT

The Suez Canal Economic Zone (SCZone) elaborated in a statement that the project is located on an area of 250,000 square meters, with a production capacity of 30,000 tons per month.

China's TEDA, Chen Cheng to build $2B-worth steel, cast iron pipe factory

Thu, 23 Mar 2023 - 11:15 GMT

Prime Minister Mostafa Madbouli held a meeting Wednesday with the representatives of China's TEDA and Chen Cheng to discuss their plan of establishing a $2-billion factory.

Egypt-TEDA seeks to implement 7 new projects worth $5B, says chairman

Wed, 22 Feb 2023 - 07:08 GMT

Speaking during a meeting with chairman of the Suez Canal Economic Zone (SCZone) Walid Gamaleddin, Liu said he has been working in Egypt for about 15 years now and considers it his second homeland.

Egypt’s president orders localizing industries of producing renewable energy

Mon, 16 Jan 2023 - 07:27 GMT

Egyptian President Abdel Fattah El-Sisi ordered localizing complementary industries for the production of new and renewable energy, including green fuel, in a meeting with officials on Monday.

Photos: Arish Port development plan to be concluded in 2024: Egypt’s SCZone

Sat, 14 Jan 2023 - 01:56 GMT

The Suez Canal Economic Zone (SCZone) announced on Saturday that the development plan of Al-Arish Port in northeastern Egypt will be concluded in 2024.

Port Said: World’s largest floating book fair starts receiving visitors

Fri, 06 Jan 2023 - 09:42 GMT

The Suez Canal Economic Zone (SCZONE) announced Thursday that the world's largest floating book fair "Logos Hope" started to receive visitors willing to get acquainted with its collection of international books.

World's largest floating library Logos Hope to dock at Port Said Port on 4 Jan.

Sat, 31 Dec 2022 - 08:52 GMT

MV Logos Hope, the world’s largest floating library, will dock at Port Said Port for 20 days starting 4 January, the Suez Canal Economic Zone (SCZone) said in a statement on Saturday.

Gov't interested in car manufacturing, not just assembly: SCZone chief

Sun, 11 Dec 2022 - 04:00 GMT

The government is interested in car manufacturing, not just car assembly, adding that the car industry is among the sectors targeted for local entrenchment under the SCZone 2020/2025 plan.

Vietnam expresses interest to invest in Egypt's SCzone

Tue, 29 Nov 2022 - 06:24 GMT

Head of the Suez Canal Economic Zone (SCzone) Walid Gamal El Din received Tuesday a Vietnamese parliamentary delegation in Cairo.

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.