Category: Egypt

Egypt : SCZONE is laying the cornerstone for the Indian factory Flex in Sokhna

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Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed this morning the unveiling of the cornerstone for the Indian Flex-Egypt factory project, which specializes in the production of polyethylene (PET), in the industrial zone in Sokhna within the scope of the industrial developer Orascom for Industrial parks. The project investments are amounting to $110 million in an area of 250,000 square meters with a production capacity of 30,000 tons per month. It will be implemented in two phases over the next two…

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SCZONE signs a framework business agreement with Suez Canal Container Terminal Company

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New incentives for SCCT to attract more shipping lines to East Port Said port Mr. Waleid Gamal Eldien, MSc, Chairman of (SCZONE), signed a framework business agreement with Mr. Steven Yoogalingam, Chairman of the Board of Directors of the Suez Canal Container Terminal Company (SCCT), to implement new incentives related to the activity of SCCT inside East Port Said Port, and to implement SCZONE’s strategy that aims to attract more investments in the port and enhance trading processes, which achieves the common interest for both parties… read more on maritimafrica

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AD Ports Group signs a 30-year Concession Agreement to Develop and Operate Safaga Port in Egypt

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Two 15-year agreements, a Memorandum of Understanding and three Head of Terms – were also signed with Egyptian authorities for multi-purpose, RoRo and cruise terminals, as well as logistics services across key Red Sea and Mediterranean ports. AD Ports Group, the leading facilitator of global trade, logistics, and industry, has recently announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a  Memorandum of Understanding (MoU) and three Head of Terms (HoT) concerning ports…

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Egypt: opening of a bus assembly plant co-built by two Chinese and Saudi companies

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A new bus assembly plant, co-built by two companies, Chinese and Saudi, has started production in Egypt’s new city of Suez, and the first buses produced by this plant are expected to roll off the assembly lines soon. Speaking at a delayed inauguration ceremony held in the city on Tuesday, Hamed Al Mutabagani, chairman of the Saudi company ATM Misr, said the plant was designed with an annual production capacity of 500 buses. The plant covers an area of 164,000 square meters and is equipped with advanced assembly lines, warehousing,…

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French Group (NGE) will build 330 km of high-speed line in Egypt.

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NGE’s rail expertise subsidiary, TSO, will be in charge of laying 330 km of track in Egypt, beating its own record set in France in 2017 with the laying of 320 km on the South East Atlantic line This rail project in Egypt will connect 60 cities across the country, increase freight traffic and provide approximately 500 million trips annually. NGE will provide its expertise and human and material resources to local companies Orascom and Arab Contractors. “Work will begin in early 2023 and will require the mobilization of 500…

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Egypt : Webb Fontaine rolls out Integrated Risk Management System

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This new development will pave the way for the efficient digitalization of Customs procedures across the country Webb Fontaine, one of the leading providers of AI-powered trade technology and Customs facilitation solutions to governments and trade administrations around the world, has launched the advanced Integrated Risk Management (IRM) service in Egypt in partnership with Misr Technology Services (MTS) representing the government of Egypt.     This new development will pave the way for the efficient digitalization of Customs procedures across the country. In Egypt, after the successful implementation of the…

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President El-Sisi Inspects Construction Work to Develop Roads and Axes in Greater Cairo

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On october 14th, President Abdel Fattah El-Sisi inspected construction works to develop a number of roads and axes in Greater Cairo. The President also inspected the construction works of the Hasballah Al-Kafrawi Axis and the surrounding axes The Spokesman for the Presidency said the President’s tour included inspecting the progress of the development of the Mokattam Corniche and central plateau, as well as the axes leading to the Mokattam plateau, which will help link it to Cairo’s neighborhoods and allow smooth transportation. This includes Yasser Rizk Axis, which will link…

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Suez Canal: Increase in transit tolls for all types of vessels

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The Suez Canal Authority’s Chairman and Managing Director, Admiral Ossama Rabie, announced last Saturday in a press release, an increase in transit tolls for all types of vessels transiting the Suez Canal during the next year 2023. All types of ships transiting the Suez Canal, will see during the year 2023, their transit tolls increase by 15%, with the exception of dry bulk ships and cruise ships whose transit tolls will increase by 10%, provided that the implementation of the planned increase begins from January, early next year 2023. Read…

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Press Release : New customers announced by Egyptian digital logistics startup Khazenly

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Baraka Group, Arrow Food Trading and Magma Sportswear among the new customers Multiple industry-leading merchants participate in exclusive event at Sultan Hussein Kamel Palace, The Company hopes to grow the number of merchant customers by six times in the next 12 months Cairo, Egypt: Khazenly, the Cairo-based on-demand digital warehousing and fulfillment platform, announcing multiple new merchant customers at an exclusive event held at Sultan Hussein Kamel Palace in Heliopolis. Khazenly is becoming the partner of choice for a rapidly growing number of merchants for some of Egypt’s most exciting companies…

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