Egypt’s SCZONE, Abu Dhabi Ports Group Discuss Bolstering CooperationSource: www.export-egypt.com 3/8/2023, Location: Africa |
|
|
|
|
|
Egypt’s Suez Canal Economic Zone (SCZONE) discussed with Abu Dhabi Ports Group prospects for cooperation in industrial zones, logistical areas, and ports.
This came in a meeting between Chairman of the SCZONE Walid Gamal El-Din, Ambassador of the United Arab Emirates in Cairo Mariam Al-Kaabi, and head of the International Sector of the Abu Dhabi Ports Group Ahmed Al-Mutawa, read a statement by the SCZONE. Boosting cooperation, the statement added, comes in light of the SCZONE’s unique capabilities, including its “prime location, the readiness of ports in the Sokhna and Port Said integrated industrial zones.” The meeting tackled the SCZONE’s infrastructure, utilities, and investment incentives. It also touched upon the SCZONE’s vision to meet the needs of regional and local markets in some targeted sectors, such as automobiles, green fuel, and electric and food industries, the statement said. Al-Mutawa discussed means of cooperation between the two sides for the group to work “as an industrial developer and establish logistics areas as well as the possibility of operating berths in ports.” “The SCZONE is implementing mega development works in Egypt’s Sokhna ports, including new berths that receive a variety of activities, multi-use terminals, Ro-Ro (roll-on/roll-off) terminals, and liquid bulk terminals, as well as the works that are being carried out in Arish port, the only seaport in North Sinai,” Gamal El-Din said during his orientation tour in the SCZONE. The SCZONE is also attracting dry bulk projects and cement storage silos, he said, adding that development works include Al-Adabiya, East Port Said port, West Port Said port, and Al-Tur port. In November, Egyptian President Abdel-Fattah El-Sisi called for ramping up efforts to turn the SCZONE into a "leading and attractive" region for clean energy production. Egypt has recently signed numerous memoranda of understanding on hydrogen and green ammonia production with international partners – including Emirati parties – as part of the country's efforts to attract foreign investments into green hydrogen production in order to become a transit route for clean energy to Europe. The strategy of green hydrogen production seeks to help Egypt contribute eight percent of the global hydrogen market, according to a previous cabinet statement. The strategy will increase Egypt’s GDP by $10-18 billion by 2025, create more than 100,000 job opportunities, and contribute to decreasing Egypt’s import of petroleum products and therefore reduce emissions, the government said. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
