{"id":548744,"date":"2022-08-21T04:00:46","date_gmt":"2022-08-21T04:00:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/"},"modified":"2022-08-21T04:00:46","modified_gmt":"2022-08-21T04:00:46","slug":"sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/","title":{"rendered":"SCZone, DP World Sokhna partner up for new logistics service zone"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>A new logistics zone in Sokhna: <\/strong>The Suez Canal Economic Zone\u2019s (SCZone) Main Development Company (MDC) and <a href=\"https:\/\/www.dpworldsokhna.com\/\">DP World Sokhna<\/a> have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a <a href=\"https:\/\/tinyurl.com\/bdd5nh8s\">statement<\/a>by the SCZone read.<\/p>\n<p><strong>The details:<\/strong> 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.<\/p>\n<p><strong>BACKGROUND:<\/strong> DP World said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2109d126-3d56-4e83-887b-c962bd51b6a7\">last year<\/a> 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\u2019s development finance arm, as part of the pair\u2019s USD 1.7 bn platform to invest in African ports and logistics infrastructure.<\/p>\n<p><strong>IN OTHER INVESTMENT NEWS-<\/strong><\/p>\n<ul>\n<li><strong>Elaraby Group<\/strong> will start operations at a new plant in <strong>Nigeria<\/strong> 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.<\/li>\n<li><strong>Iraqi edtech platform <\/strong><strong><a href=\"http:\/\/www.edobailana.com\/\">Eduba<\/a><\/strong> plans to invest USD 500k in Egypt in 2023, marking the first direct investment by Baghdad in Egypt\u2019s IT sector. (<a href=\"https:\/\/tinyurl.com\/mrxs9zje\">Al Mal<\/a>)<\/li>\n<li>Saudi software company <strong><a href=\"https:\/\/arabsea.com\/en\/\">Arab Sea Information Syste<\/a><\/strong><strong><a href=\"https:\/\/arabsea.com\/en\/\">ms<\/a><\/strong> will open a new office in Egypt after its board greenlit the move. (<a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/home\/announcement-details\/!ut\/p\/z1\/jZBNT4NAEIZ_iweuzJS2QL1RQkWBrcpHYS_NoggkwBJKS-qvd4snE0HntpnnfebNAoUYaMMuZc76kjesEu-Eqkdiu6aNuuJgQHZovER7c-tZTuiocBgBRTH1xWaF7sMj0QRg2NEuCpaIK6D_yePEGPh3no7IXIMRmDsxb1iDzzpIRFFtsomigH_zGITsQ2JankWCIwm9rfUKibrRVIQnoHnF0-9PLfq-vZdQwp69s-FcSaIFaxqT9RAvpoA3XresufrXOuXCoik4okaTLvUcaJd9ZF3WyedOLG_50ygYhkHOOc-rTBYC4fklUvCTOPyThLYOYyyfi_by6WYHvV8nxt0XDEqTHg!!\/dz\/d5\/L0lHSkovd0RNQUZrQUVnQSEhLzROVkUvZW4!\/\">Disclosure<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A new logistics zone in Sokhna: The Suez Canal Economic Zone\u2019s (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 statementby the SCZone read. The details: Construction on the first phase of the zone will kick off in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":548745,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[2020,2278,72,125,2277,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-dp-world","tag-dp-world-sokhna","tag-enterpriseam","tag-investment-watch","tag-mdc","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"48320146-4e27-40ca-af19-3dca8c1683b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/331.jpg","photo_position":"above","related_issue":[548736],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SCZone, DP World Sokhna partner up for new logistics service zone - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCZone, DP World Sokhna partner up for new logistics service zone\" \/>\n<meta property=\"og:description\" content=\"A new logistics zone in Sokhna: The Suez Canal Economic Zone\u2019s (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 statementby the SCZone read. The details: Construction on the first phase of the zone will kick off in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-21T04:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SCZone, DP World Sokhna partner up for new logistics service zone\",\"datePublished\":\"2022-08-21T04:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DP World\",\"DP World Sokhna\",\"EnterpriseAM\",\"investment watch\",\"MDC\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/\",\"name\":\"SCZone, DP World Sokhna partner up for new logistics service zone - 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expansion to be complete by 2Q2020: A USD 520 mn expansion of the Ain Sokhna seaport is due for completion by the second quarter of 2020, UAE-based DP World CEO and managing director for the Middle East and Africa, Suhail Al Banna\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610026,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/dp-world-to-start-building-sokhna-port-logistics-zone-this-month\/","url_meta":{"origin":548744,"position":1},"title":"DP World to start building Sokhna port logistics zone this month","author":"enterpriseam admin","date":"14 November 2023","format":false,"excerpt":"The company has so far invested USD 1.3 bn to develop the Ain Sokhna port","rel":"","context":"In 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The JV will be 49% owned by the\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610942,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/29\/dp-worlds-sokhna-logistics-park-is-coming-plus-another-industrial-zone-in-the-making-and-more-green-financing\/","url_meta":{"origin":548744,"position":3},"title":"DP World\u2019s Sokhna logistics park is coming. PLUS: Another industrial zone in the making and more green financing","author":"enterpriseam admin","date":"29 November 2023","format":false,"excerpt":"DP World has broken ground at its USD 80 mn DP World-Sokhna Logistic Park","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1640.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637108,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf\/","url_meta":{"origin":548744,"position":4},"title":"Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"INVESTMENT WATCH- The Suez Canal Authority signed six MoUs for projects worth a combined USD 40 bn at the World Economic Youth Forum yesterday, Youm7 reports. DP World is expected develop USD 5.6 bn in infrastructure over a 96k sqm area in Ain Sokhna, sources tell Al Mal. The port\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637170,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/dp-world-releases-details-of-agreement-with-sczone-to-develop-industrial-and-residential-zone-in-ain-sokhna\/","url_meta":{"origin":548744,"position":5},"title":"DP World releases details of agreement with SCZone to develop industrial and residential zone in Ain Sokhna","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"INVESTMENT WATCH- Port operator and logistics services provider DP World announced yesterday (pdf) the details of its agreement with the Suez Canal Economic Zone (SCZone), which will see it \u201cdevelop an integrated industrial and residential zone\u201d in Ain Sokhna. The agreement, which was signed on the sidelines of the World\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=548744"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548744\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548745"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548744"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548744"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}