Suez Canal Economic Zone. Suez Canal Zone represents a new chapter in the economic development of egypt. The Suez Canal Economic Zone, launched in 2015, has plans to create an industrial and logistics hub surrounding the Suez Canal, the vital shipping route connecting the Red Sea and the Mediterranean. Container ship Edith Maersk crosses the Suez Canal at East Port Said Port, 120 km (75 miles) northeast of Cairo, October 5, 2012. It is located in The Suez Canal Economic Zone (SC Zone) at Sokhna, Egypt. Minister of Transport of Egypt; Head of the Maritime Transport Sector; Chairman of the Maritime Safety Authority; Chairman of Alexandria Port Authority; Acting Chairman of Damietta Port Authority; The most ambitious plan calls for a drastic expansion of the China-Egypt Suez Economic and Trade Cooperation Zone – according to China Daily, the zone in its final form will cover 9.12 square kilometers and account for $2 trillion in investment, in fields from manufacturing to logistics to finance. It was the first economic zone of a special nature to be established in Egypt, according to Law No. 83/2002 and its amendments. The Suez Canal Economic Zone (SCZone) is a world-class zone and trade hub along the banks of the newly-expanded Suez Canal. Roads & Railways Networks.4 Mega Tunnels & Floating Bridges.Power & Water Desalination Plants. The Suez Canal, together with the 200-mile long SUMED Pipeline, are the 3rd transit rou- te in the world for crude oil and refined products with 5.5 million b/d (barrels per day). Tag: Suez Canal Economic Zone . Suez. Just submit your details and we’ll be in touch shortly. General Authority for Suez Canal Economic Zone. Maritime Transport Leaders. You can also email us if you would prefer. Siemens Energy contributes to Egypt’s energy sector with new service center, training academy. Press Release. This will take place as part of the state’s strategy to localise industry, particularly the manufacture of goods and products that Egypt imports to cover domestic market needs. Suez Canal Economic Zone Suez Canal Zone revenues up to LE3.69 billion in 2018/2019 fiscal year. Egypt’s President Abdel Fattah Al-Sisi directed, on Tuesday, for the integration of projects in the industrial zones of the Suez Canal Economic Zone (SCZone). Egypt. Suez Canal Economic Zone Mercedes-Benz Co. to establish Middle East’s first-of-its-kind logistics hub in Suez Canal Economic Zone. Posted: October 18, 2020 at 4:07 pm / Electricity & Power. Copyright © 2021 Maritime Transport Sector! This sets the stage for the Suez Canal Economic Zone to meet its projected target of contributing $40 billion to Egypt’s economy in the future. Following the expansion of the Suez Canal in 2015 and the decision to declare the area adjacent to the strategic waterway a “special economic zone”, the OECD is supporting Egyptian Authorities to harness the potential of the 8% of global trade flowing through the Canal for job creation and economic growth, bringing tangible benefits to the Egyptian population. Would you like to speak to one of our team over the phone? Such a declaration brings investments in the Suez Canal region within the realm of the Special Zones Law No. 3 Min Read. Egypt has been in cooperation with Chinese investors ever since the SCzone China- Egypt TEDA Suez Economic and Trade Cooperation Zone is one of the second batch of national overseas economic and trade cooperation zones approved by Chinese government. Total investment cost including infrastructure, Copyright © 2020 All rights reserved, Suez Canal Economic Zone "SCZone". It also contains 4 industrial zones and promising investment zones with total area of 461 km2 The European Union Supports the Development of the Suez Canal Economic Zone. Tag: Suez Canal Economic Zone . Telefax: +2 0623590003 The 3rd July tunnels, also referred to as Port Said tunnel, under the Suez Canal just south of Port Said opened in November 2019. the Suez Canal zone . Siemens Energy today inaugurated a service center and a training academy in Egypt. 83/2002 (SZ Law).… 330/2015 declaring the area adjacent to the Canal a special economic zone. Suez Canal Economic Zone: the Egyptian dream that could begin a renaissance - Daily News Egypt. Spanning 461 km2, almost two-thirds the size of Singapore, the SCZone consists of two integrated areas, two development areas and four ports. The best example of cooperation between Egypt and China at the Suez Canal Corridor is China-Egypt TEDA Suez Economic and Trade Cooperation Zone, which is a Chinese national overseas economic … Posted: October 18, 2020 at 4:07 pm / Electricity & Power. Suez Canal - Hong Kong, Shenzhen, Singapore, Jebel Ali, Hamburg, Rotterdam, Tangier, and Panama are waterways that brought about major changes for their countries. The Suez Canal Economic Zone, sometimes shortened to the Suez Canal Zone, describes the set of locations neighbouring the canal where customs rates have been reduced to zero in order to attract investment. K.M 114, Kattameya old road. This website uses cookies and asks for some related data to enhance your browsing experience, By continue browsing the website you are agreeing our use of cookies. Sudanese shipment marks first commercial ship to arrive in Egypt’s Al-Tor Port of SCZone in years, Egypt renovating Arish Port in North Sinai to reach international standards. Siemens Energy today inaugurated a service center and a training academy in Egypt. In developing . T. he. Egypt. These two routes combined accounted for about 9% of the world’s seaborne oil trade. The Suez Canal Economic Zone is independent from the Suez Canal Authority. Suez Canal Economic Zone to set up investment arm. Egypt’s Suez Canal Economic Zone (SCZone) integrates with China’s Belt and Road Initiative (BRI) that seeks to interconnect and boost global trade, said the Egyptian planning minister in a statement on Tuesday. Telephone: +2 0623590004/7. New Investment Law no. Egypt relies heavily on the Suez Canal Economic Zone (SCZone) to drive the economic growth of the country, especially as it is an investment area of special nature, which gives it … The first day of the 2020 Egypt Petroleum show on Tuesday saw the signing of a US$6.7 billion agreement between the Egyptian Petrochemicals Holding Company (ECHEM) and the Bechtel Group to construct a refining and petrochemical complex within the Suez Canal Economic Zone. With the deepening of the BRI and the development plan of Egypt's Suez Canal Corridor, the establishment of a Chinese overseas economic and trade cooperation zone in Egypt will strengthen and deepen the capacity cooperation between the two countries, which has a profound significance," Wu Lixing, management director of the TEDA cooperation zone, told Xinhua. SIDC Industrial Park consists of about 9 million square meters of industrial land. It is located in The Suez Canal Economic Zone (SC Zone) at Sokhna, Egypt. Egypt has been in cooperation with Chinese investors ever since the SCzone China- Egypt TEDA Suez Economic and Trade Cooperation Zone is one of the second batch of national overseas economic and trade cooperation zones approved by Chinese government. Yehia Zaki - Suez Canal Economic Zone . 4 www.srmmaritimeconomy.com Traffic through Suez is growing both in terms of number of ships and tons of goods. The Suez Canal Economic Zone, one of the main projects where Egypt is trying to attract foreign investments, is a free zone and trade hub along the banks of the newly-expanded Suez Canal. Spanning 461 sqkm, the overall Suez Canal Zone, backed by DP World, consists of two integrated areas, two development areas and four ports. Cairo, The European Union (EU) and The Organisation for Economic Co-operation and Development (OECD) OECD, launch the “Supporting the Development of the Suez Canal Economic Zone… The Suez Canal Economic Zone (SCZone) The SCZone is a premier services and trade hub offering investment opportunities in various economic sectors including logistics, industry, ICT, renewable energy, business parks and real estate developments as well as infrastructure services and transport links developments. Minister of Transport of Egypt; Head of the Maritime Transport Sector; Chairman of the Maritime Safety Authority; Chairman of Alexandria Port Authority; Acting Chairman of Damietta Port Authority; The Suez Canal Economic Zone (SCZone) is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal. Strategically located on the main trade route between Europe and Asia, more than eight percent of global trade passes through every year. The Suez Canal Economic Zone, launched in 2015, has plans to create an industrial and logistics hub surrounding the Suez Canal, the vital shipping route connecting the Red Sea and the Mediterranean. The government has previously announced that the Suez Canal project will be considered an Economic Zone of a Special Nature (SEZONE), adding that this law allows the zone … Created under Law No. General Authority for Suez Canal Economic Zone. eConomiC. Egypt’s President Abdel Fattah Al-Sisi directed, on Tuesday, for the integration of projects in the industrial zones of the Suez Canal Economic Zone (SCZone). Telefax: +2 0623590003 Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZONE), along with Mr. Tarek Sultan, Vice Chairman and CEO of Agility, a leading global logistics provider, today signed a Protocol of Cooperation, establishing a logistics center in East Port Said, one of the most important strategic sites on the Mediterranean Sea. 16 February 2017. The Suez Canal Authority is responsible for the management and maintenance of the canal, and all matters relating to the proper work flow of the Canal. Egypt relies heavily on the Suez Canal Economic Zone (SCZone) to drive the economic growth of the country, especially as it is an investment area of special nature, which gives it … Egypt's Suez Canal Economic Zone (SCZone) integrates with China's Belt and Road Initiative (BRI) that seeks to interconnect and boost global trade, said the Egyptian planning minister in a statement on Tuesday. 83 of 2002 and revised again in 2015. 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Ùت ÙÙربÙرÙØ´Ù. It also ensures that such growth will remain sustainable and equitable, ensuring that Egypt’s drive for economic development is people-centered. This session will address the general conditions to ensure quality in Suez Canal. 83/2002 and its amendments. Suez Canal Authority Economic Zone Egypt is stable and ready to welcome travelers back: Forbes . The geographic location of the Suez Canal economic zone is a strong attraction element for Singaporean investors: Suez Canal Authority chairperson. The total volume of investments at the Suez Canal Economic Zone (SCZone) hit nearly 15 billion dollars in five years, SCZone chairman Yehia Zaki said on Tuesday. Egypt’s Free Trade Agreements ensure rapid access to 2 Billion consumer Complemented by world class ports. The zone comprises over 600 km 2 within the governorates of Port Said, Ismailia and Suez. The Suez Canal Economic Zone (SCZone) represents a new chapter in the economic development of Egypt. !"#$%&#'$()*)+$#(,*,-.($',*#/$)*$#-#01.*1$.*!#0*)!.,*)+$(,--#0(. Propelled by Tianjin Government. Spread along the maritime route that connects the Red and the Mediterranean seas, Egypt’s 460-square-kilometre Suez Canal Economic Zone (SCZone) lies at the crossroads between Africa, the Middle East and Europe. SCZone offers a unique value proposition bundle for investors to maximize earnings. 2 years ago . Suez Canal Economic Zone (SCZone) SCZone is located in the center of the main international maritime route where almost 20% of the international trade passes through (over 17,000 ships passing through each year and 9% of seaborne trade). 71/2017 SCZone Competitive Investment Regulations and Incentives. The new Suez Canal Economic Zone has a series of investments planned with a view to providing the necessary infrastructure required to attract potential investors into the space. 17 Hoda Sharawy St.Middle East News Agency Building, Downtown, Cairo, Egypt. Yehia Zaki - Suez Canal Economic Zone . Suez Canal Economic Zone. However, it became a modern industrial zone after over 36 years of development. • China finds Manufacturing Opportunities in Africa - Belt & Road News Photo taken on Jan. 14, 2021 shows the office building of China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna, Egypt. Suez Canal Economic Zone Reem Hosam El-din August 29, 2017 . )+$"&2 The Suez Canal Economic Zone: An Emerging International Commercial Hub! Eng. Established in 2015, the SCZone is an innovative and self-sustaining industrial development corridor that will transform 461 square kilometres and four maritime ports strategically located along one of world’s most main trading routes into an international commercial hub. 2 years ago . Nasr and Mamish tour Vietnam and Singapore, promote SCZone projects. In August last year, Egypt’s Minister of Investment Sahar Nasr said that the Suez Canal Zone is hoping to attract nearly $30bn in foreign direct investment for its infrastructure and logistics hubs within five years. By Patrick Werr. Following the expansion of the Suez Canal in 2015 and the decision to declare the area adjacent to the strategic waterway a “special economic zone”, the OECD is supporting Egyptian Authorities to harness the potential of the 8% of global trade flowing through the Canal for job creation and economic growth, bringing tangible benefits to the Egyptian population. Reem Hosam El-din August 29, 2017 . The Suez Canal Economic Zone (SCZone) is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal. K.M 114, Kattameya old road,Ain Sokhna, Suez, Egypt, Building No.2 Latin America st.6th floor, Garden City, Cairo, Egypt, Port Authority building,Mostafa Kamel & Azmy St. ,Portsaid, Egypt, Building No. The Suez Canal Economic Zone (SCZone) The SCZone is a premier services and trade hub offering investment opportunities in various economic sectors including logistics, industry, ICT, renewable energy, business parks and real estate developments as well as infrastructure services and transport links developments. Sorry, your browser does not support the