Minister of Petroleum Tarek El-Molla and Chairman of the General Authority for Suez Canal Economic Zone (GASCEZ) Mohab Mamish recently toured DP World Sokhna, Invest-Gate reports.
CEO of DP World Sokhna Ajay Singh and company officials welcomed the delegation and outlined the latest plans for the port which is strategically located on the important East-West trade route below the southern entrance to the Suez Canal.
During the tour, Singh revealed that DP World Sokhna’s “petroleum product handling facility saw total gas volume of 13.0 mn metric tonnes since 2015 to date,” the company said in a statement.
While GASCEZ Chairman Mamish asserted that “the cooperation between the Economic Zone and DP World will raise the classification of Suez Canal Economic Zone (SCZone) among the global economic zones.”
SCZone and DP World recently signed a partnership agreement to develop a planned economic zone near the Suez Canal. The joint venture company is 51% owned by SCZone and 49% by DP World.
The partnership is expected to create 150,000 new jobs, of which Egyptian workers will make up 90% of the workforce.