SCZone signs preliminary agreement with DP World on Ain Sokhna joint venture

Suez Canal Economic Zone head Mohab Mamish and DP World CEO Sultan Ahmed Bin Sulayem signed on Thursday a preliminary agreement to establish a joint venture industrial zone in Ain Sokhna, Al Borsa reports. The zone will bring in various sectors, including SMEs, construction materials, auto spare parts, and textiles manufacturing. according to Al Mal. Work on the project is set to begin next year. The partnership will aim to be an “extension” of Dubai’s Jebel Ali Freezone, Bin Sulayem said.