• Monday, 4 March 2019

    DP in talks with Egypt banks for USD 500 mn Ain Sokhna port expansion

    UAE’s DP World is in talks with banks in Egypt to arrange a USD 500 mn loan to finance its Ain Sokhna port expansion project, banking sources told Al Shorouk. Some of the banks are based in GCC countries but...
  • Wednesday, 27 February 2019

    Polaris, ARDIC, SIAC to develop infrastructure for 1 mn sqm in SCZone

    A consortium of Polaris Al Zamil, ARDIC for Real Estate and Developments and SIAC Holding has begun developing infrastructure for 1 mn sqm in the Suez Canal Economic Zone (SCZone), Polaris Deputy General Manager Bassel Shuaira said. The project was...
  • Thursday, 21 February 2019

    Eight companies sign MOUs to invest in Russian Industrial Zone in Suez Canal

    INVESTMENT WATCH- Eight companies sign MoUs to invest in SCZone’s Russian Industrial Zone: Eight Russian companies signed yesterday MoUs with the Russian Exports Center to invest in the planned USD 7 bn Russian Industrial Zone (RIZ) in the Suez Canal...
  • Sunday, 3 February 2019

    El Sisi ratifies USD 7 bn RIZ agreement with Russia

    El Sisi ratifies agreement with Moscow to build the RIZ: President Abdel Fattah El Sisi has ratified a 50-year agreement with Russia to establish the USD 7 bn Russian Industrial Zone, according to a copy of the decree published in...
  • Wednesday, 2 January 2019

    El Sisi appoints two new deputies for Egypt’s Suez Canal Economic Zone

    MOVES- SCZone gets two new deputy chiefs: President Abdel El Fattah El Sisi has named Mohamed Marey and Mohamed Beraya as new deputy heads of the Suez Canal Economic Zone, according to a decree published in the Official Gazette (pdf)....
  • Monday, 10 December 2018

    Elsewedy subsidiary to develop SCZone area for estimated EGP 10 bn

    INVESTMENT WATCH- Elsewedy to develop EGP 10 bn industrial zone in SCZone: An Elsewedy Electric subsidiary has signed a contract with the Suez Canal Authority that will see it develop an industrial zone in Ain Sokhna in the Suez Canal...
  • Thursday, 29 November 2018

    Belarus invited to take part in Russian Industrial Zone

    Belarus invest in the USD 7 bn Russian Industrial Zone (RIZ), MENA quoted Belarusian Ambassador to Egypt Sergei Rachkov as saying, according to Belarus News. Rachkov said that his country is “considering the possibilities,” but did not offer further details....
  • Sunday, 25 November 2018

    Suez Canal Authority amends contracts with companies over economic zone projects

    Suez Canal Authority pulls land from “non-serious” investors: The Suez Canal Authority has amended several previously agreed contracts with companies operating in the Suez Canal Economic Zone (SCZone), withdrawing land from “non-serious investors,” authority head Mohab Mamish said in a...
  • Wednesday, 21 November 2018

    Mamish signs contracts for three new SCZone projects

    Suez Canal Economic Zone (SCZone) head Mohab Mamish signed yesterday three contracts with local and international companies for projects in the zone, Al Mal reports. The projects include a USD 1.8 bn salt production factory, which India’s TCI Sanmar will...

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