The Main Development Company MDC, which is one of SCZone’s companies, and DP World – Sokhna signed a contract to establish a new logistic park as a port-centric “logistics services zone”.
The contract aims to establish a new logistic services zone for “DP World” on an area of 300,000 square metres, with an expected investment of $80 million.
It also aims to provide about 600 direct job opportunities, as well as indirect job opportunities. The first phase of the project will begin by the end of 2023 with investments estimated at $50 million.
The objective of the Project is to develop DP World Logistics Park as a port-centric “Logistics Services Zone”, where logistics, trading, distribution, value-added, and light industrial activities will be applied according to the SCZone’s regulation. DP World co-operates with an international company in South Africa in the field of logistics services to provide distinguished services in logistics to serve the Egyptian market.
Waleed Gamal El-Dein, Chairman of the general authority of Suez Canal Economic Zone (SCZone), met yesterday with Mr Urs Mall, Chairman Executive Officer of DP World – Sokhna, Eng. Abdel Nasser Al-Rifai, Chairman of the Main Development Company, to discuss means of cooperation during the coming stage, and the trading and navigation movement on the berths, as well as ways to attract shipping lines to the port in line with the ongoing development work in Sokhna port.
“The coming stage will witness intensive meetings with our partners, investors and industrial developers to widen their project,’Gamal El-Dein said adding that this is our main priority in SCZone’s vision and within Egypt 2030 vision,”.
He added that it is extremely important for all parties to provide integrated services in both the industrial zones and the affiliated ports.
