Suez Canal Economic Zone
Ocior Energy will invest around $4 billion to build the project, local media reported.
The Chinese company expects to annually produce 1.5 million washing machines at the factory, for export to the Middle East, Africa, the EU, and the US.
Egypt’s Ain Sokhna and Al Adabiya ports recorded significant activity during the final quarter of FY2022/2023, revealed new data by the Suez Canal Economic Zone (SCZone)
SCZone currently holds a 39 percent stake in PSCCHC.
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 authority places a great premium on expanding its ports in order to increase their competitiveness with neighboring peers.
This came at the end of a session of the Egyptian-Hungarian joint business forum in which a number of Egyptian and Hungarian ministers and senior officials also attended.
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.
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.
Furthermore, the Board of Directors approved the project to establish a multi-purpose terminal for the Sky Investment - Reliance Logistics consortium, in East Port Said Port, provided that the authority will start taking the necessary measures towards this contract.
Zaki said that the economic zone aims to enhance cooperation with some companies that are members of the Federation of Indian Chambers and to study investment opportunities in the textiles, chemicals, programming, information technology and operating systems sectors, as well as the industries of auto engine parts, devices and medical supplies.
The agreement aims for joint cooperation between the two regions and the exchange of information to provide an opportunity to attract investors from different regions to emphasize their international status.
Sisi urged focusing on investments that also create job opportunities, the Presidency said.
During a meeting with SCZone chairman Yehia Zaki on Tuesday, Berger praised the zone's capabilities as well as its development projects.
The investment cost of new projects contracted by industrial developers to be carried out in the Ain Sokhna Industrial Zone in 2020 hit dlrs 1.077 billion, the Suez Canal Economic Zone (SCZone) announced.
Egypt’s transportation Minister Kamel el Wazir held talks, Tuesday with Hungary’s ambassador in Cairo on promoting cooperation in the various transportation fields.
Egypt's President Abdel Fattah El Sisi has issued a decree renewing the term of Yehia Zaki, the chairman of the General Authority for Suez Canal Economic Zone (SCZone), for one year starting August 12.
In a statement on Thursday, the SCZone said the visit tackled the technical support presented to improve the level of services.
