Back to the complete issue
Sunday, 21 August 2022

SCZone, DP World Sokhna partner up for new logistics service zone

A new logistics zone in Sokhna: The Suez Canal Economic Zone’s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statement by the SCZone read.

The details: Construction on the first phase of the zone will kick off in the coming months, which will cost USD 50 mn to build and is set to be operational by the end of 2023, the statement read. The zone will create 600 jobs.

BACKGROUND: DP World said last year it would invest USD 25-35 mn in improving logistics services and upping capacity at the Ain Sokhna seaport over a 2-3 year period, days after it completed a multi-mn USD expansion of the Red Sea port. The Emirati port giant has been investing in our ports alongside the UK government’s development finance arm, as part of the pair’s USD 1.7 bn platform to invest in African ports and logistics infrastructure.


  • Elaraby Group will start operations at a new plant in Nigeria by the end of 2023, a company representative confirmed to Enterprise, without disclosing the cost of the project or what the factory will produce. The company also plans to build an industrial complex in Quesna, Menoufia.
  • Iraqi edtech platform Eduba plans to invest USD 500k in Egypt in 2023, marking the first direct investment by Baghdad in Egypt’s IT sector. (Al Mal)
  • Saudi software company Arab Sea Information Systems will open a new office in Egypt after its board greenlit the move. (Disclosure)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.