Waleid Gamal El-Dien, Chairperson of the Suez Canal Economic Zone (SCZONE), received a high-level delegation from the American-Hellenic Chamber of Commerce, led by Nikolaos Bakatselos, to discuss ways for the two sides to cooperate.
The meeting will also discuss how to maximize the benefits of shared economic interests and assess SCZONE’s potential. The vice chairmen and chairman’s advisors were present at the meeting.
Gamal El-Dien expressed his delight with this meeting, which comes in light of SCZONE’s endeavor to achieve more international economic cooperation that aims to maximize resources while presenting a distinguished partnership through many advantages that SCZONE offers, whether in terms of the distinguished location and robust infrastructure, or investment incentives and targeted economic sectors.
SCZONE covers an area of 455 million square meters and includes 4 industrial zones and 6 seaports on the Mediterranean Sea and the Red Sea, which serves the idea of integration between industrial zones and seaports, particularly the port of East Port Said, which is one of the most important seaports overlooking the eastern Mediterranean and its proximity to European markets, and which contains a multi-purpose terminal as well as a dry bulk terminal for grain.
The most recent collaboration in East Port Said port is with the Abu Dhabi Ports Group to establish numerous projects within the port. We also signed contracts for the storage of white and black cement in the sea ports of Arish and West Port Said, as well as development work in Sokhna port, which aims to make it the most important pivotal port on the Red Sea, declared Gamal El-Dien.
“SCZONE pays great attention to more than 21 economic sectors, on top of which is a green fuel, as SCZONE dedicated an area of 20 million square meters, in addition to providing the necessary infrastructure for establishing this type of project.
SCZONE also is targeting the settlement of Complementary and feeding industries for the green fuel industry. We are preparing for its use in ships’ bunkering with it in the near future, especially since the location of SCZONE near European markets contributes to accelerating the pace of transition towards green fuel in Europe, and certainly, Greece will have a role in transferring the green fuel from SCZONE to various European markets Which supports the existence of more cooperation in this context,” he added.
“The American-Hellenic Chamber of Commerce can link SCZONE and the Greek business community, given that it enjoys a privileged location that creates tremendous opportunities, especially because it enjoys, along with the prime location, many investment incentives and infrastructure, which means that SCZONE exerted efforts to add value above the site that Egypt is gifted to become an attractive investment destination.” Nikolaos Bakatselos stated.*
It is worth noting that the purpose of this meeting is to identify available investment opportunities, aspects of cooperation, and common interests with various Egyptian entities.