Egypt’s SCZONE, Abu Dhabi Ports Group Discuss Bolstering CooperationSource: www.export-egypt.com 3/8/2023, Location: Africa |
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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. |
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