Seven investors to sign new contract for Sokhna Logistic Car City after others backed of original agreement

Seven Investors in the Ain Sokhna Automotive Logistics City are days away from signing a new contract after a number of companies backed out of the original agreement, Al Mal reported on Tuesday. China’s TEDA Holding had inked agreements with a number of investors early this year to establish a EGP 300 mn auto manufacturing and shipping hub in the Suez Gulf’s freezone to serve as a base for car imports, exports and storage.