The board of directors of the Suez Canal Economic Zone (SCZone) has given the green light to four new logistic projects in SCZone-affiliated ports.
The first project is the integrated logistic area in the East Port Said zone, which was submitted by Roots-Rosa Greens consortium. The cumulative investment of the project is about US$10 million for the first stage, which is located on an area of 400,000m². The terminal is based on the activities of the manufacturing industries for the production of grains.
The second project is the expansion of the terminal of “the Suez Canal Container Terminal” with a length of 955 meters and a yard of 510,000m² with cumulative investments estimated at US$500 million. The station is currently operating along a 2,400 -meter and trading yards of 1.2 million m², which is considered the current main operator in East Port Said port.
Furthermore, the board of directors approved the establishment of a multi-purpose terminal for the consortium of Sky Investment -Ryleins Logistics, in East Port Said Port. The project includes the establishment of a 900 -meter -long station and trading yards of 380,000m² with estimated investments of about US$65 million.
As for the Sokhna port, the board approved the procedures of activating the contract between SCZONE and the consortium of Hutchison, COSCO and CMA to launch the construction, management and operation of a new box terminal in Sokhna Port. The project includes working on a berth of a length of 1,200 meters with an area of 720,000m² in the first stage, while the second phase of the berth will be 1,400 meters with an area of 840,000m².
SCZONE announced the approval of providing five-year residency permission to its foreign investors. It also announced the operation of the water desalination plant in Ain Sokhna, next October, which will serve the existing projects in the industrial zone, with a production capacity of 100 thousand cubic meters per day.
