Latest news with #GeneralAuthorityforSuezCanalEconomicZone
Middle East
13-05-2025
- Business
- Middle East
OPEN// PM opens China's Xinxing factory with $150m investments
AIN SOKHNA, Egypt, May 13 (MENA) – Prime Minister Mostafa Madbouli has inaugurated China's Xinxing ductile iron pipes factory in the Suez Canal Economic Zone (SCZONE) with investments worth $150 million. The premier was accompanied by the ministers of transport and housing, Suez governor, head of the General Authority for Suez Canal Economic Zone, representatives of the Chinese embassy in Cairo, and officials of Xinxing Co. Madbouli said this project is important since it contributes to cutting imports of ductile pipes, which are used in several major national projects of infrastructure and housing. The project helps meet the needs of local and regional markets and increase exports, according to him. He lauded the government's efforts on attracting further investments in the Suez Canal Economic Zone to turn it into a pioneering logistics hub to back global supply chains. The premier was briefed about the factory, which is built over an area of more than 270,000 square meters with annual production capacity of 250,000 tons. The project contributes to creating 700 direct job opportunities and 220 indirect opportunities. (MENA) K F E/R E E
Middle East
13-05-2025
- Business
- Middle East
OPEN// PM: SCZONE is main pillar to lure foreign investments
AIN SHOKHNA, Egypt, May 13 (MENA) – The state pays much attention to develop Suez Canal Economic Zone (SCZONE) which is a key player for attracting foreign investments, Prime Minister Moustafa Madbouli said. The premier's remarks came Tuesday during his field tours in the SCZONE's Sokhna integrated area, where he was accompanied by the ministers of transport and housing, Suez governor and head of the General Authority for Suez Canal Economic Zone and a host of respective officials. Madbouli's tour includes the opening of a Chinese factory and a Turkish company in the zone with more than $200 million investments. He said the state is also keen to localize industry and technology to cut imports, increase exports, meet the needs of local markets and national projects and achieve the goals of sustainable development. (MENA) K F E/M O H
Gulf Today
05-05-2025
- Business
- Gulf Today
Agreement to develop KEZAD East Port Said Zone in Egypt
AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, signed a 50-year renewable usufruct agreement, to develop and operate a 20 km2 industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes, right at the entrance of the Suez Canal. The agreement to develop KEZAD East Port Said Industrial and Logistics Zone was signed in Cairo, and witnessed by Egyptian Prime Minister, Dr. Mostafa Madbouly, in the presence of Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Lieutenant General Engineer Kamel Al Wazir, Deputy Prime Minister for Industrial Affairs Egyptian Minister of Industry and Transport, Mariam Al Kaabi, Ambassador of the UAE to Egypt, Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group and Mr. Waleid Gamal El-Dien, Chairman of SCZONE. The agreement was signed by Ahmed Al Mutawa, Regional CEO of AD Ports Group, and Admiral Mohamed Ahmed Mahmoud, Vice Chairman of SCZONE for the Northern area. AD Ports Group will develop, construct, finance, operate, and manage the industrial and logistics zone in phases, with a focus on phase 1 to start with, an area covering a total of 2.8 km2. An estimated total investment of $120 million will be allocated to market and technical studies as well as to phase 1 development over the next three years. Construction on the initial 2.8 km2 Phase 1 is expected to start by the end of this year. The development of Phase 1 will be anchored by key potential clients and partners, including one of the region's foremost construction and development groups, Hassan Allam Holding. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: '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 role in promoting and supporting the East-West trade corridor.' Waleid Gamal El Dien, Chairman of the Suez Canal Economic Zone, said: 'The launch of this project in the East Port Said Industrial Zone represents an important strategic step that reaffirms the depth of the strong fraternal relations and the growing strategic partnership between the Arab Republic of Egypt and the United Arab Emirates, as well as the prominent position held by SCZONE as a pivotal global trade hub for industrial and logistics activities. 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.' Gamal El Dien added: 'Over the past few years, the SCZONE has become a cornerstone for the investment expansion plans of many leading regional and international companies, thanks to its integrated model of combining industrial zones and affiliated seaports. Among these is the KEZAD East Port Said Industrial and Logistics Zone, which seamlessly connects with East Port Said Port, a key strategic location on the Mediterranean Sea. The port features deep berths for large vessels, efficient operations, and excellent connectivity to advanced road and transportation networks. The expertise of a global organisation such as AD Ports Group will help SCZONE achieve its goals.' Ahmed Al Mutawa, Regional CEO of AD Ports Group, said: 'KEZAD East Port Said is being built to attract investments, promote industrial and logistics growth, create jobs, increase exports, develop skills, and facilitate technological transfer. It will complement AD Ports Group's growing business ecosystem in Egypt, and capitalise the natural assets of the Suez Canal area for Egypt, while supporting the country's manufacturing sector, and increasing the ease of doing business in Egypt as a preferred gateway to global markets.' Admiral Mohamed Ahmed Mahmoud, Vice Chairman of SCZONE for the Northern area, said: 'We are working on developing an integrated model that combines industry, maritime transport, and logistics services within a flexible and investment-friendly regulatory environment. East Port Said Industrial Zone stands at the heart of this model due to its strategic location at the northern entrance of the Suez Canal. WAM
Trade Arabia
05-05-2025
- Business
- Trade Arabia
AD Ports to develop industrial, logistics park near Port Said
AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, have signed a 50-year renewable usufruct agreement, to develop and operate a 20-sq-km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes, right at the entrance of the Suez Canal, said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo, and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly, in the presence of Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Lieutenant General Engineer Kamel Al Wazir, Deputy Prime Minister for Industrial Affairs Egyptian Minister of Industry and Transport, Mariam Al Kaabi, Ambassador of the UAE to Egypt, Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group and Mr. Waleid Gamal El-Dien, Chairman of SCZONE. The agreement was signed by Ahmed Al Mutawa, Regional CEO of AD Ports Group, and Admiral Mohamed Ahmed Mahmoud, Vice Chairman of SCZONE for the Northern area. AD Ports Group will develop, construct, finance, operate, and manage the industrial and logistics zone in phases, with a focus on phase 1 to start with, an area covering a total of 2.8 sq km. An estimated total investment of $120 million will be allocated to market and technical studies as well as to phase 1 development over the next three years. Construction on the initial phase is expected to start by the end of this year. The development of Phase 1 will be anchored by key potential clients and partners, including one of the region's foremost construction and development groups, Hassan Allam Holding. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: '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 role in promoting and supporting the East-West trade corridor.' Waleid Gamal El Dien, Chairman of the Suez Canal Economic Zone, said: 'The launch of this project in the East Port Said Industrial Zone represents an important strategic step that reaffirms the depth of the strong fraternal relations and the growing strategic partnership between the Arab Republic of Egypt and the United Arab Emirates, as well as the prominent position held by SCZONE as a pivotal global trade hub for industrial and logistics activities. 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.' Gamal El Dien added: 'Over the past few years, the SCZONE has become a cornerstone for the investment expansion plans of many leading regional and international companies, thanks to its integrated model of combining industrial zones and affiliated seaports. Among these is the KEZAD East Port Said Industrial and Logistics Zone, which seamlessly connects with East Port Said Port, a key strategic location on the Mediterranean Sea. The port features deep berths for large vessels, efficient operations, and excellent connectivity to advanced road and transportation networks. The expertise of a global organisation such as AD Ports Group will help SCZONE achieve its goals.' Ahmed Al Mutawa, Regional CEO of AD Ports Group, said: 'Kezad East Port Said is being built to attract investments, promote industrial and logistics growth, create jobs, increase exports, develop skills, and facilitate technological transfer. It will complement AD Ports Group's growing business ecosystem in Egypt, and capitalise the natural assets of the Suez Canal area for Egypt, while supporting the country's manufacturing sector, and increasing the ease of doing business in Egypt as a preferred gateway to global markets.' In addition, AD Ports Group and Hassan Allam Holding, which is one of the group's development partners in Egypt, signed a memorandum of understanding (MoU) to develop and invest in the industrial zone and explore other projects. AD Ports Group in December 2024 appointed Hassan Allam Construction, the construction arm of Hassan Allam Holding and one of the premier engineering and construction companies in the region, to build AD Ports Group's new multipurpose cargo terminal in Safaga, on Egypt's Red Sea coast.
Trade Arabia
05-05-2025
- Business
- Trade Arabia
AD Ports to set up industrial, logistics park near Port Said
AD Ports Group, and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, have signed a 50-year renewable usufruct agreement, to develop and operate a 20 sq km industrial and logistics park near the Egyptian coastal city of Port Said on the Mediterranean Sea. The East Port Said Industrial Zone provides an opportunity to turn a unique location on the Mediterranean Sea into a key hub for international trade and investments serving the East-West trade routes, right at the entrance of the Suez Canal, said a Wam news agency report. The agreement to develop Kezad East Port Said Industrial and Logistics Zone was signed in Cairo, and witnessed by Egyptian Prime Minister Dr Mostafa Madbouly, in the presence of Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Mohamed Hassan Alsuwaidi, UAE Minister of Investment, Lieutenant General Engineer Kamel Al Wazir, Deputy Prime Minister for Industrial Affairs Egyptian Minister of Industry and Transport, Mariam Al Kaabi, Ambassador of the UAE to Egypt, Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group and Mr. Waleid Gamal El-Dien, Chairman of SCZONE. The agreement was signed by Ahmed Al Mutawa, Regional CEO of AD Ports Group, and Admiral Mohamed Ahmed Mahmoud, Vice Chairman of SCZONE for the Northern area. AD Ports Group will develop, construct, finance, operate, and manage the industrial and logistics zone in phases, with a focus on phase 1 to start with, an area covering a total of 2.8 sq km. An estimated total investment of $120 million will be allocated to market and technical studies as well as to phase 1 development over the next three years. Construction on the initial phase is expected to start by the end of this year. The development of Phase 1 will be anchored by key potential clients and partners, including one of the region's foremost construction and development groups, Hassan Allam Holding. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: '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 role in promoting and supporting the East-West trade corridor.' Waleid Gamal El Dien, Chairman of the Suez Canal Economic Zone, said: 'The launch of this project in the East Port Said Industrial Zone represents an important strategic step that reaffirms the depth of the strong fraternal relations and the growing strategic partnership between the Arab Republic of Egypt and the United Arab Emirates, as well as the prominent position held by SCZONE as a pivotal global trade hub for industrial and logistics activities. 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.' Gamal El Dien added: 'Over the past few years, the SCZONE has become a cornerstone for the investment expansion plans of many leading regional and international companies, thanks to its integrated model of combining industrial zones and affiliated seaports. Among these is the KEZAD East Port Said Industrial and Logistics Zone, which seamlessly connects with East Port Said Port, a key strategic location on the Mediterranean Sea. The port features deep berths for large vessels, efficient operations, and excellent connectivity to advanced road and transportation networks. The expertise of a global organisation such as AD Ports Group will help SCZONE achieve its goals.' Ahmed Al Mutawa, Regional CEO of AD Ports Group, said: 'Kezad East Port Said is being built to attract investments, promote industrial and logistics growth, create jobs, increase exports, develop skills, and facilitate technological transfer. It will complement AD Ports Group's growing business ecosystem in Egypt, and capitalise the natural assets of the Suez Canal area for Egypt, while supporting the country's manufacturing sector, and increasing the ease of doing business in Egypt as a preferred gateway to global markets.' In addition, AD Ports Group and Hassan Allam Holding, which is one of the group's development partners in Egypt, signed a memorandum of understanding (MoU) to develop and invest in the industrial zone and explore other projects. AD Ports Group in December 2024 appointed Hassan Allam Construction, the construction arm of Hassan Allam Holding and one of the premier engineering and construction companies in the region, to build AD Ports Group's new multipurpose cargo terminal in Safaga, on Egypt's Red Sea coast.
