Egyptian President Abdel-Fattah El Sisi is agreeing to establish a joint firm to carry out development projects in the Suez Canal Economic Zone (SCZone), Egynews reports.

The General Authority for the Suez Canal Economic Zone established a joint development company with enabler of global trade DP World.

The new venture aims to carry out development projects in the Suez Canal Zone.

The Egyptian government will work on facilitating the completion of these projects as soon as possible.

DP World plans to expand its operations and enhance its business in Egypt through projects in the SCZone, including the establishment of a dedicated industrial, trade, and logistics district.