Latest news with #WaleidGamalEl-Dien
CairoScene
11-05-2025
- Business
- CairoScene
SCZone Reopens Abbas Wharf After EGP 1.8 Billion Upgrade
The upgraded West Port Said terminal is part of a wider push to boost logistics capacity and grain handling infrastructure. May 11, 2025 The Suez Canal Economic Zone (SCZone) has reopened Abbas Wharf at West Port Said following a EGP 1.8 billion development project. Announced by SCZone Chairman Waleid Gamal El-Dien, the revamped terminal is set to support key projects already in motion at the port, including new terminals for dry bulk grain and liquid cargo. The expansion is designed to improve port handling efficiency and attract further investment to the economic zone. The development falls within the state's Vision 2030 framework, which positions maritime infrastructure as a core driver of industrial growth and trade competitiveness. Gamal El-Dien noted that the upgraded wharf will not only improve logistics operations in West Port Said but also support long-term plans to expand food security and industrial storage capacity. The upgrade is part of Egypt's broader strategy to modernise logistics and strengthen port infrastructure across the country. Work on the terminal also reflects ongoing efforts to localise supply chains and create jobs, as the SCZone continues to position itself as a hub for regional trade and transit.
Gulf Business
05-05-2025
- Business
- Gulf Business
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. Read more: — 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
Zawya
28-04-2025
- Business
- Zawya
Egypt: Massoud Steel inks $18mln project in Sokhna Industrial Zone
Arab Finance: The Chairman of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dien has witnessed the signing of a contract for Massoud Steel Company's metal containers project in the Sokhna Industrial Zone, as per a statement. With an estimated investment of EGP 965 million, the project will be located within the ready-made factories area managed by the Main Development Company (MDC). The deal marks the establishment of the first metal containers manufacturing project in the SCZone. The factory will cover 31,000 square meters and employ around 130 workers. Initially, the plant will target the local market, with plans to export in later phases. Production is expected to commence in the first quarter (Q1) of 2026. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
15-04-2025
- Business
- Zawya
China's Befar Group breaks ground on $500mln chlor-alkali project in Egypt
Chinese chemical giant Befar Group (Binhua) has broken ground on a $500 million chlor-alkali project in Egypt's Sokhna Industrial Zone The project, located within TEDA-Egypt's industrial park, will have a total production capacity of 100,000 tonnes, SCZONE said in a press statement. The statement said the project is being developed in two phases, each covering 200,000 square metres (sqm), with $300 million allocated to the first phase and $200 million to the second. Construction for the first phase is expected to be completed within 18 months. According to the statement, the facility is set to become Egypt's first green chemical plant, relying on a mix of wind and solar energy, electricity, and natural gas to generate steam for operations. Waleid Gamal El-Dien, Chairman of SCZONE said the project is expected to create around 800 jobs and will contribute to import substitution and the localisation of strategic industries. 'This project is part of an integrated system for mineral extraction from seawater, including the production of bromine and other supporting and feeder industries,' he added. Yinghui Cai, Vice President, Befar Group praised the support from SCZONE, TEDA-Egypt, and project partners, noting that the group currently exports to more than 100 countries and holds leading positions in the Chinese market for products such as allyl chloride, trichloroethylene, and caustic soda. The project agreement was signed during SCZONE's investment promotion tour on the sidelines of the Forum on China–Africa Cooperation (FOCAC) in September 2024. (Writing by Eman Hamed; Editing by Anoop Menon) (
Zawya
26-03-2025
- Business
- Zawya
Egypt: Xinfeng to establish $1.65bln industrial complex in SCZone
Arab Finance: Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), inked a deal with XinFeng Egypt to establish an integrated manufacturing complex in Sokhna, as per a statement. The complex will cover nine industrial projects and two service centers for research and development and solid waste recycling. To be implemented in two phases over five years, the projects will cover an area of 3.75 million square meters, with a total investment of $1.65 billion. They are expected to create around 8,000 jobs. Gamal El-Dien highlighted that the first phase will include four factories, with the first three set to commence operation in early 2027. It will span 2 million square meters and provide 4,419 job opportunities. The company will develop an automotive components factory with an annual production capacity of 230,000 tons and a metallic components factory for home appliances with an annual output of 50,000 tons. A standard fasteners (bolts and nuts) factory will also be developed at an annual production of 100,000 tons, in addition to a hot-rolled coil factory with an output of 2 million tons per year. As for the second phase, it will cover 1.75 million square meters and secure 3,575 jobs. It will consist of five factories, including a machinery spare parts facility with an annual output of 200,000 tons and a rake disc factory with an annual production of 150,000 tons. The complex will also include a steel structures factory with an annual production of 100,000 tons, an aluminum-magnesium alloy auto parts factory with an annual output of 20,000 tons, and a cold-rolled steel factory with a yearly production of 2 million tons. The pilot operation of the first four projects will begin in January 2029, while the cold-rolled steel facility will start operating in March 2030. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
