AD Ports Group, Suez Canal Economic Zone to develop industrial, logistics park
Image: AD Ports Group/ For illustrative purposes
AD Ports Group has entered into a 50-year renewable usufruct agreement with Egypt's General Authority for the Suez Canal Economic Zone (SCZONE) to develop and operate a 20-square-kilometre industrial and logistics park near the city of Port Said.
The project, named KEZAD East Port Said Industrial and Logistics Zone, aims to transform the strategic location into a key hub for international trade and investment, capitalising on its proximity to the Suez Canal.
AD Ports Group will oversee the development, construction, financing, operation, and management of the industrial zone in phases, starting with Phase 1, covering 2.8 square kilometres.
Image: WAM/ AD Ports Group
An estimated total investment of $120m will be allocated to market and technical studies as well as to Phase 1 development over the next three years.
Construction is expected to commence by the end of this year.
Phase 1 development will be anchored by key potential clients and partners, including one of the region's foremost construction and development groups, Hassan Allam Holding.
We have signed a 50-year renewable agreement with Egypt's Suez Canal Economic Zone to develop KEZAD East Port Said Zone – a 20 km2 industrial and logistics zone near the Egyptian coastal city of Port Said.
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— AD Ports Group (@ADPortsGroup)
Captain Mohamed Juma Al Shamisi, MD and group CEO of AD Ports Group, stated: 'KEZAD East Port Said is a milestone that highlights the strong economic relations between the UAE and Egypt. In line with the vision of our wise leadership, this strategic cooperation is another sign of our group's growing focus on Egypt, where we continue to enhance and develop our integrated trade, transport, and industrial ecosystem, offering clients unparalleled end-to-end solutions and services.
'This infrastructure investment will provide a long-term source of economic growth for Egypt, while enhancing the Suez Canal's role in promoting and supporting the East-West trade corridor.'
Waleid Gamal El-Dien, chairman of SCZONE, remarked: 'This project enhances SCZONE's ongoing efforts to support global supply chains by providing a competitive and integrated investment environment, underpinned by advanced infrastructure, and a unique geographic location, connecting three continents via one of the world's most vital maritime routes.'
The development will integrate with the existing East Port Said Port, a key strategic location on the Mediterranean Sea, featuring deep berths for large vessels, efficient operations, and excellent connectivity to advanced road and transportation networks.
AD Ports signs Mou with Hassan Allam Holding
In addition, AD Ports Group and Hassan Allam Holding signed a memorandum of understanding (MoU) to develop and invest in the industrial zone and explore other projects.
This collaboration builds on
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