Walid Gamal El-Din, chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), meets Urs Moll, CEO of DP World – Sokhna, to discuss cooperation means and joint work in the coming period along with the ongoing development work in Sokhna Port, Invest-Gate reports.

Gamal El-Din confirms that the coming period will see intensive meetings with development partners, within the framework of the authority’s strategy to support success partners and provide integrated services in line with the authority’s vision and Egypt’s vision 2030.

It is worth mentioning that the Main Development Company, one of the economic zone’s companies, and DP World – Sokhna sign a contract to establish a new logistics services zone. The contract is signed by Abdel Nasser Al-Refai, chairman of the board of directors of SCZone Development Company, and Urs Moll, CEO of DP World – Sokhna.

The newly signed contract aims to establish a new logistics zone for DP World over ​​300,000 sqm, with an expected investment of $80 mn. This logistics zone will be used for servicing the economic zone’s investors.

Additionally, the new logistics zone aims to provide around 600 direct job opportunities and indirect job opportunities. The implementation of the project will start within months, while operations of phase I will start by the end of 2023, with investments of $50 mn.