CEO of Suez Canal Economic Zone (SCZONE) Walid Gamal el Dein signed a pact with Roots Commodities for the development of East Port Said Industrial Zone.
In a statement Wednesday, the SCZONE said that the agreement was signed on the sidelines of the 2022 UN Climate Change Conference, COP27, which is currently in session in Sharm el-Sheikh.
The cumulative investment of the project, which was submitted by Roots-Rosa Greens consortium, stands at about LE200 million for the first stage, which is located on an area of 400 thousand square metres.
The terminal is based on the activities of the manufacturing industries for the production of grains.
However, Gamal el-Dine said that the multilateral container terminal in East Port Said port will provide 400 direct and indirect job opportunities.
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