Latest news with #WalidGamalElDin
Zawya
19-05-2025
- Business
- Zawya
Egypt's SCZone Chairperson, Guangdong Governor discuss deeper cooperation
Egypt - The Chairperson of Egypt's Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, met with a high-level delegation from China's Guangdong Province, led by its Governor Wang Weizhong, to discuss enhancing joint cooperation, the SCZone announced in a statement. The purpose of the meeting was to explore collaboration in the industrial, logistics, services, and port sectors. The Chinese delegation included Minister Plenipotentiary Jiao Liusheng, Counselor at the Chinese Embassy, several provincial officials, and representatives from major Chinese corporations. SCZone executive leadership also attended. Gamal El-Din stated that 'the SCZone is keen on deepening cooperation with Chinese investments from various Chinese cities and provinces.' He added that this aims 'to optimally leverage the successful strategic partnership with Chinese companies already operating within the zone, a partnership supported by the political leadership of both nations.' 'We aim to build on successful past partnerships with Chinese investments and seek further collaboration,' Gamal El-Din said, according to the statement. He noted that current cooperation 'encompasses ports, industrial zones, and logistics areas,' and highlighted 'the past successes of Chinese companies and the diversity of Chinese investments in sectors targeted for localisation under the SCZone's strategy.' He also 'affirmed his aspiration for cooperation in other areas critical to both the Egyptian and global economies, such as the automotive sector, renewable energy, and technology.' In turn, the Governor of Guangdong Province, Wang Weizhong, 'expressed his satisfaction with the cooperation with the SCZone.' He 'emphasized the importance of having company representatives from the province present to explore investment opportunities within the SCZone' and 'commended the SCZone's role in fostering an attractive investment climate for Chinese companies,' the statement reported. 'The Suez Canal Economic Zone boasts a prime location and significant investment incentives; we encourage companies from our province to invest there,' Governor Wang Weizhong stated. He explained that 'the zone serves as a global centre for industry and logistics and a launchpad for Egyptian exports to international markets, particularly given its strategic location and existing free and international trade agreements.' The Governor further 'noted his country's commitment to full cooperation and experience-sharing with the SCZone, and to advancing the strategic partnership between the two nations to even broader horizons.'
Zawya
08-05-2025
- Business
- Zawya
Fotouh Al-Kuwait to build packaging factory in Egypt's Sokhna Industrial Zone
Egypt - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), attended the signing ceremony for the Fotouh Al-Kuwait project, which will see the establishment of a packaging materials factory within the Sokhna Industrial Zone. The facility will span 10,000 square meters and involve an investment of $1.7m (approximately EGP 86m). The agreement was signed by Walid Yousef, Managing Director of the Main Development Company (MDC)—the primary developer within SCZONE—and Ahmed Fathi, Director of Fotouh Al-Kuwait. Gamal El-Din stated that the project aligns with SCZONE's strategy to attract value-added investments and implement industrial ventures that enhance local manufacturing capabilities and localize supply chains in strategic sectors. He emphasized that partnering with investors who bring both expertise and a developmental vision reinforces confidence in SCZONE's position as a leading regional hub for industry and logistics. He also noted that the factory's proximity to Sokhna Port will support its target of exporting 90% of its output. SCZONE, he added, continues to strengthen its attractiveness to investors through modern infrastructure, tailored incentives, and integration with Egypt's evolving transportation and port systems. Fotouh Al-Kuwait International, an Egyptian-Kuwaiti joint venture with over 18 years of experience in consumer goods distribution, is implementing the Sokhna project in partnership with a Chinese company specializing in packaging technologies. The factory is expected to create 30 jobs in its initial phase.
See - Sada Elbalad
24-04-2025
- Business
- See - Sada Elbalad
SCZone Delegation Discusses Enhancing Cooperation with AD Ports
Taarek Refaat The General Authority of the Suez Canal Economic Zone (SCZone) began high-level discussions with Abu Dhabi Ports Group, aiming to support global supply chains and localize industry in the region, in a strategic move to enhance regional logistics integration and expand cooperation in the ports and digital services sector. This came during the second day of the SCZone's delegation official visit to the UAE capital, Abu Dhabi. Walid Gamal El Din, Chairman of the SCZone met with Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports Group to discuss opportunities for joint cooperation and exchange of expertise. During the meeting, both sides emphasized the importance of integration between two of the region's most prominent economic entities, in light of the strategic directions of both Egypt and the UAE to enhance regional economic cooperation, particularly in the areas of port development, transportation technology, and digital services. Abu Dhabi Ports officials reviewed the group's key activities, which span five key sectors: digital services, economic cities and free zones, logistics, shipping and maritime services, and port management. The group currently operates approximately 10 marine terminals, and its free zones cover an area exceeding 550 km², serving more than 1,500 local and international customers. Following the meeting, the delegation toured the group's digital services complex and visited the headquarters of Maqta Technologies, the group's technology arm. They were briefed on the latest digital transformation solutions implemented in the ports and logistics sectors, including the one-stop shop system, the smart port management platform, the transport control system, and customs automation and risk monitoring systems. Gamal El Din emphasized the Authority's commitment to deepening its strategic partnership with Abu Dhabi Ports Group, particularly in the Sokhna and East Port Said port projects, as well as the Authority's industrial zone. He noted that the Authority seeks to localize industry and enhance its role in global supply chains, particularly in light of the current geopolitical challenges impacting international trade. On his part, Al Shamsi welcomed the expansion of cooperation with the Suez Canal Economic Zone, highlighting the group's successes in various business sectors. He emphasized that cooperation between the two parties will contribute to achieving mutual benefits across the region. He also noted that the group recently received an A1 credit rating from Moody's with a stable outlook, reflecting the strength of its financial performance and its ability to expand sustainably. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
