SCZone
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.
The change is in line with the zone’s strategic efforts to encourage green hydrogen projects and foster partnerships in the renewable energy sector
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
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.
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.
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.
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.
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.
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.
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.
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.
Head of the Suez Canal Economic Zone (SCzone) Walid Gamal El Din received Tuesday a Vietnamese parliamentary delegation in Cairo.
The panel discussion will take place at the Green Zone on November 11.
A quinquennial residence (five-year residence) permit is granted for a period of five years, which may be renewed for foreigners.
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.
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.
"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
"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.
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.
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.
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