Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, witnessed this morning, at the Authority’s headquarters in the Administrative Capital, the signing ceremony of a usufruct contract for land with a revenue-sharing system on an area of 3.3 km2, for the purpose of developing, developing, marketing and managing an integrated industrial complex in the Sokhna Industrial Zone, with investments amounting to 12.87 km2. One billion Egyptian pounds, between the General Authority for the Suez Canal Economic Zone and Orascom Industrial Zones Company. The contract was signed by Dr. Mohamed Abdel Gawad, Vice President of the General Authority. For the Economic Zone for Investment and Promotion Affairs, Moataz Al-Demerdash, Chairman of the Board of Directors of Orascom Industrial Estates Company, and Engineer Amr Al-Batrik, CEO, Orascom Industrial Estates Company.
In this context, Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, explained that the development of this space reflects the development of the partnership between the Authority and its industrial developers, and is a result of existing success stories, in line with the vision based on partnership between the public and private sectors, through which we aim to create Integrated industrial zones provide an attractive environment for local and foreign investments, which contributes to diversifying the production base and increasing exports, especially in the industrial and service sectors targeted by the Authority.
Walid Gamal El-Din added that the Suez Canal Economy is striving with steady steps towards consolidating its position as one of the most important global centers for industry and logistics, and this goal will not be achieved except with the serious cooperation of industrial developers to complete what we have done in the field of infrastructure and facilities, keeping pace with the rapid global changes and meeting the needs of investors. Both local and regional markets.
For his part, Moataz Al-Demerdash, Chairman of the Board of Directors of Orascom Industrial Estates Company, confirmed that today’s event reflects an extension of the success of the development of the first Sokhna Industrial Zone and the expansion of a new industrial sector in the region, based on the company’s experience in this field, which exceeds 25 years, and this also aims to The project will achieve sustainable economic growth and attract more global investors. It is expected that more than 30,000 job opportunities will be created by the end of the project.
It is worth noting that this extension is a result of the successful investments of the industrial developer Orascom in the Sokhna Industrial Zone, which is built on an area of 10 km2. The complex to be developed has all the facilities, services and infrastructure required to establish various targeted industrial and service facilities (heavy industries – medium industries – factories ready for immediate operation (Plug & Play). In cooperation with “Orascom Industrial Estates”, which is a joint company between “Orascom Construction” with a 60.5% stake and a group of financial companies. And investors.
