SCZone’s, the Suez Canal Economic Zone, Main Development Company (MDC) and DP World Sokhna signed an agreement to build a $80 million logistics zone at Sokhna Port.
The agreement aims to establish a new logistic services zone for DP World on an area of 300,000 square meters, with an expected investment of $80 million in addition providing 600 job opportunities.
The implementation of the project will begin in the coming months with a cost of $50 million for the first phase and the operations of this phase is expected to begin by the end of 2023.
SCZone’s Chairman, Walid Gamal El Din, stated in the press release that the coming period will witness intensive meetings with development partners, within the framework of the authority’s strategy to support success partners from investors and industrial developers to provide integrated services in line with the authority’s vision and within the Egypt’s 2030 vision.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.