Suez Canal Economic Zone (SCZone) chairman Walid Gamal Eddin on Tuesday met a delegation of economic and commercial advisors from the European Union (EU) and an EU delegation from Cairo during an official visit to the SCZone headquarters at Ain Sokhna.
The meeting came within SCZone strategy to create investment opportunities and to strengthen international ties with the zone.
“This meeting confirms the promising economic co-operation between the two sides,” Gamal Eddin said.
“The SCZone manages four industrial zones and six ports on the Red Sea and the Mediterranean, contribute to positioning the zone as a regional hub for green fuel production,” Gamal Eddin added.
“The zone seeks to accelerate the pace of green fuel production operations to meet the needs of European markets according to the timeline specified for the start of production, provided that the operation of green-fuelled shipping will begin by 2026,” he said.
The EU delegation expressed their satisfaction with the zone’s achievements in industrial and service sectors, especially in green fuel. They also voiced interest in the zone’s plans to co-operation with major institutions to ensure training in modern technologies related to various industries, notably in green fuel. The delegation appreciated the one-stop shop services in procedures for investors and the golden license system.
As part of the meeting, the delegation made a visit to the Sokhna industrial zone, which included Ateco Pharma Pharmaceutical Company and Misr Green Hydrogen Company, the first facility in Egypt and the Middle East for green fuel production. This facility was opened by the Egyptian president and the Norwegian prime minister during the climate change conference (COP 27) in November.
The delegation also visited Sokhna port to see development work to transform it into a pivotal Red Sea port.
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