- December 4, 2023
- Posted by: Ahmed Abed
- Category: 2023, EN
On the sidelines of the participation of the General Authority of the Suez Canal Economic Zone (SCZONE) in the activities of the COP28 climate summit, Mr. Waleid Gamal El Dien, Chairman of SCZONE, met with Mr. Sultan Ahmed bin Sulayem, group chairman and CEO of DP World Group, to discuss new aspects of cooperation in areas of common interest from both sides.
“We appreciate the successful partnership with DP World in operating the container terminal at SCZONE’s Sokhna Port and laying the foundation stone for the DP World Sokhna Logistic Park, which is expected to end the first phase next year 2024. SCZONE still has many promising investment opportunities for DP World in various ports, affiliated industrial zones, and logistical activities, especially in light of the approaching completion of development work at the Sokhna Port. He also pointed out the great importance of East Port Said Port in the field of transshipment, in addition to the logistical and industrial opportunities in the Qantara West region designated for the food and textile industries. SCZONE ‘s Al-Arish port also has great potential, which is used for cement export purposes and is located near the Eastern Mediterranean countries. We also have various targeted industrial sectors, which keep pace with the needs of regional and international markets.” Mr. Waleid Gamal El Dien, Chairman of SCZONE declared.
” We are proud of our partnership with SCZONE, as Egypt is characterized by the human capital element, which is one of the most important national resources that encourage investment. DP World’s strategy believes that investment in the industrial zones is the basis for achieving integration and operating ports in an optimal manner. We are keen to grow and develop the ports in which it operates. We also started the contract manufacturer policy to ensure the operation and development of port traffic. DP World desires to deepen cooperation in other new projects with SCZONE, and the efforts made by Egypt in the field of developing ports and industrial zones to provide a supportive environment for investment is well appreciated.” Mr. Sultan Ahmed bin Sulayem, chairman of DP World stated.
It is worth noting that the chairman of SCZONE witnessed the laying of the foundation stone for the DP World Sokhna logistics park project in SCZONE’s Sokhna Integrated Zone at the end of last month with a total investment cost of $80 million located in a total area is about 300,000 square meters.
