• 2017 November 20 17:06

    Sokhna World Zone project presented to investors in Dubai

    Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and  Chairman of the  Suez Canal Economic Zone (SCZone) , today  presented details of the recent  agreement to  develop an integrated industrial and residential zone at Sokhna in Egypt to investors and  businesses in Dubai, the company said in its press release. 

    The opportunities to invest and launch op erations in the project were outlined to company  representatives, many of whom already have existing outlets in Dubai’s Jebel Ali Freezone  (Jafza). Sokhna World Zone will  create a sustainable industrial  area  to attract foreign investment and  will feature  a range of investment incentives and encourage innovation using best international  practice in the management of Special Economic Zones (SEZs), free zones, ports, and logistic  hubs based on DP World’s global experience. 

    The project will also  promote the  development of Small and Medium - sized Enterprises (SMEs),  create job opportunities and provide training for young Egyptians adding value to the economy and is due to start  in the first quarter of 2018. A  joint venture  will be created  between SCZone  (51%) a nd DP World (49%) with DP World managing the zone.

    The Sokhna World Zone will cover 95 square kilometres with an estimated 400,000 jobs  and  include industrial and residential areas coupled with the development of  DP World’s operations  at  Sokhna Port, increasing its  capacity and linking it to the industrial zone. Business sectors include light and medium - sized industries, logistics, and service utilities.  Targeted industries include medical, electronics and communications, construction materials,  logistics, textiles, automotive parts, food processing, energy production components and petrochemicals. A residential zone spanning 20 square kilometres will include coastal villas, residential units, shopping and administrative centres, entertainment facilities, mosques, schools, hospitals, clubs  and green spaces .  The residential area will be able to accommodate 500,000 people.




2020 February 24

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2020 February 23

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2020 February 22

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2020 February 21

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2020 February 20

18:27 SMOOTH PORTS Partners met and discussed in Livorno
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