DP World says small businesses will be “at the heart of its new industrial and residential zone in Egypt’s Sokhna,” according to The National. The port operator signed an agreement at the World Youth Forum earlier this month with the Suez Canal Economic Zone (SCZone) to develop the 95k sqm Sokhna World Zone, which will offer incentives to businesses in a wide range of fields, including auto parts, textile, and medical equipment. The zone, which will also house up to 500k citizens, will be developed under a joint venture that will be 51% owned by the SCZone, with DP World holding the balance.

Tags: