Latest news with #WaleidGamalEl-Dein
Zawya
30-04-2025
- Business
- Zawya
Egypt: SCZone pens $25mln contract with India's Willow Ferro to build metal plant in Sinai
Arab Finance: The General Authority for the Suez Canal Economic Zone (SCZone) has signed a $25 million contract with Indian firm Willow Ferro to establish a metal industries project in the Technology Valley, located east of Ismailia in Sinai, as per a statement. The factory will occupy 40,000 sazaquare meters and is expected to produce 36,000 tons annually of silicon manganese, while creating 120 direct jobs. The project will initially start operations with the production of ferrosilicon and ferrochrome. This marks the third finalized contract for a project in the Technology Valley, raising total investments in the area to $42 million across 135,000 square meters and generating 770 direct jobs. SCZone's Chairman Waleid Gamal El-Dein emphasized that the authority is actively working to attract global investment to East Ismailia, benefiting from its proximity to the new city of Ismailia and access to three ports in Sinai: East Port Said, Arish, and El-Tor. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
29-04-2025
- Business
- Zawya
Egypt: SCZone chairman lays foundation stone for $1.65bln Chinese Xinfeng's steel complex in Sokhna
Arab Finance: The General Authority for the Suez Canal Economic Zone's (SCZone) Chairman Waleid Gamal El-Dein has laid the foundation stone of Chinese Xinfeng's integrated industrial steel complex in Sokhna, with total investments of $1.65 billion, as per a statement. The project spans 3.75 million square meters and includes nine factories across two phases, in addition to two service centers: one for research and development (R&D) and the other for solid waste recycling. The initial phase comprises four factories producing automotive brake disc components, home appliance components, standard fasteners, and hot-rolled steel coils. The second phase includes five more factories focused on automotive aluminum-magnesium parts, steel structures, brake drums, construction machinery components, and cold-rolled steel coils. Gamal El-Dein said the project offers over 8,000 direct jobs and supports the localization of the automotive and home appliance industries. He added that the complex reflects investor confidence in the business climate and highlights the zone's strategic location, infrastructure upgrades, access to energy, and skilled labor. He also noted that around 140 factories are currently under construction in the SCZone. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
10-02-2025
- Business
- Zawya
Egypt's SCZONE signs contracts for smart truck yard at West Port Said
Egypt - The Suez Canal Economic Zone (SCZONE) has signed contracts to establish a new smart truck yard at West Port Said, aiming to ease congestion and boost operational efficiency. The project will leverage advanced technology to digitize and streamline truck movements in and out of the port, strengthening its position as a leading regional logistics hub. SCZONE Chairperson Waleid Gamal El-Dein and Port Said Governor Mohib Habashy Khalil signed the land lease contracts, while Gamal El-Dein also signed a partnership agreement with Egytrans CEO Abir Leheta and Nafith International's Chairperson Samir Mubarak. The 25-year strategic partnership will see the two companies develop and operate the smart truck yard at West Port Said with an investment of EGP 250m. Trial operations are set to begin in six months, with full operations expected within a year. Gamal El-Dein stated that the agreement aligns with SCZONE's strategic goals to modernize port infrastructure, simplify logistics processes, and enhance overall supply chain efficiency in Egypt. He emphasized that West Port Said is a vital component of trade, logistics, and service activities, and SCZONE is committed to its comprehensive development. He also highlighted the project's role in increasing the port's capacity and competitiveness by implementing cutting-edge technologies and best practices. This will create a world-class logistics environment that attracts more investments and drives economic growth. The smart yard is expected to resolve congestion issues at the port, offering an innovative solution to improve traffic flow, minimize delays, and unlock the full potential of SCZONE ports, ultimately benefiting both businesses and the local community. Egytrans Managing Director noted that Nafith Egypt combines Egytrans' extensive logistics expertise with Nafith International's transformative global technology solutions. She added that the new company has the capabilities needed to introduce innovative solutions to the Egyptian market, optimizing pre-shipment procedures and land transportation management. She explained that SCZONE's logistics services are the backbone of trade, as any increase in transportation and logistics costs directly affects trade flows and commodity prices, impacting market competitiveness. Nafith International's Chairperson also emphasized the importance of collaborating with Egytrans and SCZONE to introduce this major transformation, which reflects a shared vision for modernizing logistics operations and enhancing the efficiency of core infrastructure elements such as West Port Said Port. He highlighted Nafith's implementation of advanced digital systems and logistics management solutions in the region and globally. Nafith Jordan, the most established subsidiary of Nafith International, has rolled out nationwide digital logistics solutions, including truck control systems and port community systems in Jordan, Iraq, and Oman through public-private partnerships. Nafith currently manages over 12,000 trucks daily, facilitating more than seven million logistics movements annually. These achievements demonstrate the impact of digital solutions, and he expressed confidence in replicating this success at West Port Said. The new truck yard is strategically located just two kilometers from the port, covering an area of 114,000 square meters. It will feature automated gates, RFID-based smart container tracking, and a command and control center to automate truck entry, exit, and permit processes, improving communication and data integration. The project will also include a central digital registry for vehicle, driver, and stakeholder records, enhancing coordination. Nafith has implemented the NFLOW digital system, accessible via web and mobile applications, to streamline pre-arrival procedures. This system ensures that the right truck arrives at the designated time and location with the necessary documentation, facilitating smooth cargo pickup and delivery. The project is set to transform logistics operations at West Port Said by minimizing delays.
Daily News Egypt
10-02-2025
- Business
- Daily News Egypt
SCZONE signs contracts for smart truck yard at West Port Said with EGP 250m investment
The Suez Canal Economic Zone (SCZONE) has signed contracts to establish a new smart truck yard at West Port Said, aiming to ease congestion and boost operational efficiency. The project will leverage advanced technology to digitize and streamline truck movements in and out of the port, strengthening its position as a leading regional logistics hub. SCZONE Chairperson Waleid Gamal El-Dein and Port Said Governor Mohib Habashy Khalil signed the land lease contracts, while Gamal El-Dein also signed a partnership agreement with Egytrans CEO Abir Leheta and Nafith International's Chairperson Samir Mubarak. The 25-year strategic partnership will see the two companies develop and operate the smart truck yard at West Port Said with an investment of EGP 250m. Trial operations are set to begin in six months, with full operations expected within a year. Gamal El-Dein stated that the agreement aligns with SCZONE's strategic goals to modernize port infrastructure, simplify logistics processes, and enhance overall supply chain efficiency in Egypt. He emphasized that West Port Said is a vital component of trade, logistics, and service activities, and SCZONE is committed to its comprehensive development. He also highlighted the project's role in increasing the port's capacity and competitiveness by implementing cutting-edge technologies and best practices. This will create a world-class logistics environment that attracts more investments and drives economic growth. The smart yard is expected to resolve congestion issues at the port, offering an innovative solution to improve traffic flow, minimize delays, and unlock the full potential of SCZONE ports, ultimately benefiting both businesses and the local community. Egytrans Managing Director noted that Nafith Egypt combines Egytrans' extensive logistics expertise with Nafith International's transformative global technology solutions. She added that the new company has the capabilities needed to introduce innovative solutions to the Egyptian market, optimizing pre-shipment procedures and land transportation management. She explained that SCZONE's logistics services are the backbone of trade, as any increase in transportation and logistics costs directly affects trade flows and commodity prices, impacting market competitiveness. Nafith International's Chairperson also emphasized the importance of collaborating with Egytrans and SCZONE to introduce this major transformation, which reflects a shared vision for modernizing logistics operations and enhancing the efficiency of core infrastructure elements such as West Port Said Port. He highlighted Nafith's implementation of advanced digital systems and logistics management solutions in the region and globally. Nafith Jordan, the most established subsidiary of Nafith International, has rolled out nationwide digital logistics solutions, including truck control systems and port community systems in Jordan, Iraq, and Oman through public-private partnerships. Nafith currently manages over 12,000 trucks daily, facilitating more than seven million logistics movements annually. These achievements demonstrate the impact of digital solutions, and he expressed confidence in replicating this success at West Port Said. The new truck yard is strategically located just two kilometers from the port, covering an area of 114,000 square meters. It will feature automated gates, RFID-based smart container tracking, and a command and control center to automate truck entry, exit, and permit processes, improving communication and data integration. The project will also include a central digital registry for vehicle, driver, and stakeholder records, enhancing coordination. Nafith has implemented the NFLOW digital system, accessible via web and mobile applications, to streamline pre-arrival procedures. This system ensures that the right truck arrives at the designated time and location with the necessary documentation, facilitating smooth cargo pickup and delivery. The project is set to transform logistics operations at West Port Said by minimizing delays.
