{"id":563942,"date":"2021-07-29T04:00:21","date_gmt":"2021-07-29T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/russia-will-have-an-industrial-zone-in-ain-sokhna-later-this-year\/"},"modified":"2021-07-29T04:00:21","modified_gmt":"2021-07-29T04:00:21","slug":"russia-will-have-an-industrial-zone-in-ain-sokhna-later-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/russia-will-have-an-industrial-zone-in-ain-sokhna-later-this-year\/","title":{"rendered":"Russia will have an industrial zone in Ain Sokhna later this year"},"content":{"rendered":"

<\/a> Russia\u2019s Ain Sokhna industrial zone to be completed by year-end<\/strong>: Russia will complete its industrial zone in Ain Sokhna within the next five months, SCZone Chairman Yehia Zaki told Sputnik<\/a> during a visit to Russia yesterday.<\/p>\n

Russian companies now have the right to set up shop in the SCZone<\/strong> after the two sides signed an appendix to the 2018 agreement during the visit. It also lifts restrictions on Russian companies that previously limited their ability to sell products in the Egyptian market. Now, as many as 100% of products manufactured by Russian companies in the SCZone can be sold in Egypt. The 50-year agreement was signed in Moscow in May 2018<\/a>, before being ratified<\/a> by President Abdel Fattah El Sisi almost a year later.<\/p>\n

We still don\u2019t know much details on the new zone: <\/strong>Russia first submitted its request<\/a> to establish a new Russian industrial zone in Ain Sokhna last June, Zaki said back then, without revealing much details.<\/p>\n

What about the first industrial zone?<\/strong> The Russian Industrial Zone, located in East Port Said, is expected to be up and running in 2022<\/a>, with work said to begin soon<\/a>. The zone was initially slated to go online last year and bring in investments<\/a> of nearly USD 7 bn. As many as 32 Russia-based companies have rights to set up projects in the 5.25 mn sqm zone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia\u2019s Ain Sokhna industrial zone to be completed by year-end: Russia will complete its industrial zone in Ain Sokhna within the next five months, SCZone Chairman Yehia Zaki told Sputnik during a visit to Russia yesterday. Russian companies now have the right to set up shop in the SCZone after the two sides signed an […]<\/p>\n","protected":false},"author":1,"featured_media":563943,"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":[72,125,131,270],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-russia","wpautop","entry"],"acf":{"mongo_id":"d29f4a19-66ce-4017-81cb-f62e96786181","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/293.jpg","photo_position":"above","related_issue":[563938],"teaser":"","voice_url":""},"yoast_head":"\nRussia will have an industrial zone in Ain Sokhna later this year - 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\/2021\/07\/29\/russia-will-have-an-industrial-zone-in-ain-sokhna-later-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia will have an industrial zone in Ain Sokhna later this year\" \/>\n<meta property=\"og:description\" content=\"Russia\u2019s Ain Sokhna industrial zone to be completed by year-end: Russia will complete its industrial zone in Ain Sokhna within the next five months, SCZone Chairman Yehia Zaki told Sputnik during a visit to Russia yesterday. 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The two sides inked an agreement that will hand Russian companies an additional 5 mn square meters\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558895,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/work-on-the-riz-to-start-by-early-2022\/","url_meta":{"origin":563942,"position":2},"title":"Work on the RIZ to start by early 2022","author":"enterpriseam admin","date":"31 August 2021","format":false,"excerpt":"The Suez Canal Economic Zone will begin work on the new and improved Russian Industrial Zone (RIZ) by the beginning of next year, SCZone head Yehia Zakisaid (pdf) today during a meeting with a delegation of Russian companies interested in setting up shop in Egypt. Infrastructure work on the zone\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/315.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566285,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/09\/of-poles-elaraby-and-property-taxes\/","url_meta":{"origin":563942,"position":3},"title":"Of Poles, Elaraby and property taxes\u2026","author":"enterpriseam admin","date":"9 June 2021","format":false,"excerpt":"Ain Sokhna could be home to a new Polish industrial zone spanning up to 1 mn sqm in the Suez Canal Economic Zone in the wake of an agreement signed yesterday between the SCZone and a Polish special economic zone, the Trade and Industry Ministry and the SCZone said. The\u2026","rel":"","context":"In "SPEED ROUND: MANUFACTURING"","block_context":{"text":"SPEED ROUND: MANUFACTURING","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548744,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/","url_meta":{"origin":563942,"position":4},"title":"SCZone, DP World Sokhna partner up for new logistics service zone","author":"enterpriseam admin","date":"21 August 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554156,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/sczone-signs-off-on-land-contract-for-usd-2-6-bn-methanol-plant-in-ain-sokhna\/","url_meta":{"origin":563942,"position":5},"title":"SCZone signs off on land contract for USD 2.6 bn methanol plant in Ain Sokhna","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"SCZone signs off on Ain Sokhna\u2019s USD 2.6 bn methanol plant: The General Authority for the Suez Canal Economic Zone (SCZone) has signed a land use contract with a company jointly owned by Abu Qir Fertilizers, Helwan Fertilizers, and Al Ahly Capital Holding, to establish a methanol plant at Egypt's\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/448.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563942","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=563942"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563942\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563943"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563942"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563942"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}