Wednesday 20/November/2024 – 05:07 PM
Today, at the Council of Ministers headquarters in the New Administrative Capital, Dr. Mostafa Madbouly, Prime Minister, witnessed the signing ceremony of a memorandum of understanding between the General Authority for the Suez Canal Economic Zone and the Abu Dhabi Ports Company PJSC of the United Arab Emirates. This is to develop, develop, operate and manage an integrated industrial zone within the East Port Said Industrial Zone affiliated with the Suez Canal Economy, on a total area estimated at about 20 km2 under a usufruct system.
The region specializes in promising industries such as: (renewable energy and technological products), while studying the possibility of linking with docks, yards and logistical areas in East Port Said Port, in the presence of Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister, Minister of Industry and Transport, and Dr. Sultan Al-Jaber, Minister of Industry. and advanced technology in the UAE, and Ambassador Maryam Al Kaabi, UAE Ambassador to Egypt.
The memorandum of understanding was signed by Walid Gamal El Din, Chairman of the Board of Directors of the General Authority of the Suez Canal Economic Zone, and Ahmed Al Mutawa, Regional CEO of Abu Dhabi Ports Company.
Following the signing, His Excellency Dr. Sultan Ahmed Al Jaber said: The Emirati-Egyptian Industrial Zone East of Port Said, affiliated with the General Authority for the Suez Canal Economic Zone, is one of the most prominent economic zones in the Arab Republic of Egypt, as it is located in a strategic location on the Mediterranean Sea, and the region has recently witnessed development. This project aims to attract local and international investments in various fields, including manufacturing industries, technology, and renewable energy.
Under the new agreements, Abu Dhabi Ports Group will participate in developing the infrastructure of this industrial zone, which will contribute to providing an attractive environment for companies and investors and supporting the Egyptian economy.
Walid Gamal El-Din stressed that one of the main pillars of the strategic vision of the Suez Canal Economic Zone is the localization of renewable energy industries and the industries feeding and complementary to them within the economic zone, especially in light of Egypt’s abundance of renewable energy production sources such as solar and wind energy, in addition to the strategic location that allows it to become an economic canal. Suez is a leading center for the production and trading of green fuel, and its bunkering.
The head of the Suez Canal Economic Zone said: The Authority has come a long way in localizing this vital service and logistical activity within its ports, along with transit services and container handling using the latest global technological means that have placed the Authority’s ports on the ranks of international competition, with the availability of silos and various means that It allows the trading and storage of various goods, especially grains, grains, edible oils, and other food products and various products and goods related to other industries targeted to be settled within the Authority.
Walid Jamal Al-Din pointed out the importance of integration between industrial zones, sea ports and logistics zones, which contributes to providing a favorable environment for investment, in addition to the direct presence near various global markets and the possibility of reaching about two billion international consumers, by benefiting from the free and international trade agreements that it enjoys. The Egyptian state, as well as reaching more than 100 million local consumers.
