INTRO Technology, Oman Data Park Ink $450 Mn Strategic MoU to Launch Kemet Data Center in Suez Canal Economic Zone for Cloud Service Exports

INTRO Technology has announced the signing of a strategic Memorandum of Understanding (MoU) with Oman Data Park, Invest-Gate reports.

Emirates NBD Egypt Joins Forces with Abdos FMCG in Strategic Partnership

Emirates NBD-Egypt, a subsidiary of the prominent banking group Emirates NBD, has achieved a significant milestone in the Egyptian market through a strategic partnership with Abdos FMCG Manufacturing Company, Inve ...

QIA Considers Launching $1bn Renewable Energy Project in SCZone

Informed sources report that the project includes a green ammonia unit, agreed upon in principle between QatarEnergy and The Sovereign Wealth Fund of Egypt (TSFE), on the sidelines of a visit by an Egyptian delega ...

East Port Said Gets Approval for Multi-Purpose Terminal

Egypt's cabinet ratified on August 22 a concession agreement to design, construct, manage, operate, and maintain a multi-purpose terminal at East Port Said Port, located east of the Suez Canal’s northern entrance. ...

EU to Extend EUR 110 mn Funding for 2020 Egyptian Projects

The European Union (EU) is to allocate an approximate amount of EUR 110 mn to finance Egyptian projects in various sectors within the upcoming period, coming as part of the EUR 500 mn Single Support Framework (SSF ...

Eight Russian Firms to Operate in Russian Industrial Zone

Eight Russian companies signed on February 20 memorandum of understandings (MoUs) with Andrey Slepnev, director general of the Russian Export Center, in the attendance of Chairman of Egypt's Suez Canal Authority a ...

SCZone, DP World Ink Deal for Industrial, Residential Zone in Sokhna  

The Suez Canal Authority and the Suez Canal Economic Zone (SCZone) signed an agreement with global trade enabler DP World for the first phase of development of an integrated industrial and residential zone in Sokh ...

Agreement For Russian Industrial Zone in Egypt To Be Signed in March

Mamish revealed further details on the RIZ, announcing that it will be built on an area of 5.25 sqm, with a total of USD 6.9 bn worth of Russian investments. The RIZ will be implemented in three phases over 13 yea ...

Egypt to Set Up Industrial Complex Worth EGP 1.5 bn at ScZone

Set to span over an area of 1 mn sqm, the complex will house 1,050 factories. Each factory will be equipped with machinery, and built on an area of 300 sqm

EBRD willing to Invest in SCZone

The European Bank for Reconstruction and Development (EBRD) is to invest in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

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