{"id":592655,"date":"2019-11-03T04:12:23","date_gmt":"2019-11-03T04:12:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/"},"modified":"2019-11-03T04:12:23","modified_gmt":"2019-11-03T04:12:23","slug":"egypt-greenlights-establishment-of-sczone-utilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/","title":{"rendered":"Egypt greenlights establishment of SCZone Utilities"},"content":{"rendered":"<p>Prime Minister Moustafa Madbouly authorized the Suez Canal Economic Zone (SCZone) to participate in establishing a joint stock company named Economic Zone Utilities Company to manage the construction, operation and maintenance of various utilities projects for developers and investors at the SCZone, <a href=\"https:\/\/www.egypttoday.com\/Article\/3\/76371\/Egypt-to-establish-company-to-manage-investment-in-SCZone\">according to Egypt Today<\/a>. Elsewedy Electric <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/22\/elsewedy-electric-to-establish-utilities-jv-with-sczone-authority\/\">signed a partnership agreement<\/a> with the SCZone to set up the Economic Zone Utilities Company back in May. Elsewedy owns a 49% stake in the venture, which will have EGP 1 bn in capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Moustafa Madbouly authorized the Suez Canal Economic Zone (SCZone) to participate in establishing a joint stock company named Economic Zone Utilities Company to manage the construction, operation and maintenance of various utilities projects for developers and investors at the SCZone, according to Egypt Today. Elsewedy Electric signed a partnership agreement with the SCZone [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7278],"tags":[152,72,7111,7103,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592655","post","type-post","status-publish","format-standard","hentry","category-infrastructure","tag-elsewedy-electric","tag-enterpriseam","tag-infrastructure","tag-suez-canal","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"d0acf393-d4db-42c0-9dac-36ce7fd37faf","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592631],"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>Egypt greenlights establishment of SCZone Utilities - 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\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt greenlights establishment of SCZone Utilities\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Moustafa Madbouly authorized the Suez Canal Economic Zone (SCZone) to participate in establishing a joint stock company named Economic Zone Utilities Company to manage the construction, operation and maintenance of various utilities projects for developers and investors at the SCZone, according to Egypt Today. Elsewedy Electric signed a partnership agreement with the SCZone [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-03T04:12:23+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt greenlights establishment of SCZone Utilities\",\"datePublished\":\"2019-11-03T04:12:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Elsewedy Electric\",\"EnterpriseAM\",\"infrastructure\",\"Suez Canal\",\"Suez Canal Economic Zone\"],\"articleSection\":[\"Infrastructure\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/egypt-greenlights-establishment-of-sczone-utilities\/\",\"name\":\"Egypt greenlights establishment of SCZone Utilities - 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Elsewedy will own a 49% stake\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":604667,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/elsewedy-subsidiary-to-develop-sczone-area-for-estimated-egp-10-bn\/","url_meta":{"origin":592655,"position":1},"title":"Elsewedy subsidiary to develop SCZone area for estimated EGP 10 bn","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Elsewedy to develop EGP 10 bn industrial zone in SCZone: An Elsewedy Electric subsidiary has signed a contract with the Suez Canal Authority that will see it develop an industrial zone in Ain Sokhna in the Suez Canal Economic Zone (SCZone) at an estimated total cost of EGP\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":624777,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/elsewedy-nears-agreement-to-build-utility-company-in-suez-canal-economic-zone\/","url_meta":{"origin":592655,"position":2},"title":"Elsewedy nears agreement to build utility company in Suez Canal Economic Zone","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"Elsewedy Electric is reviewing the final contracts and agreements on the ownership structure for a new utilities company it intends to launch to service the Suez Canal Economic Zone, sources tell Al Mal. The new company will be a joint venture with the government-owned Main Development Company. No further details\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":646347,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/sczone-chiefs-ratifies-contracts-of-egp-1-bns-worth-of-projects-in-ain-sokhna\/","url_meta":{"origin":592655,"position":3},"title":"SCZone chiefs ratifies contracts of EGP 1 bn\u2019s worth of projects in Ain Sokhna","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Suez Canal Economic Zone (SCZone) chief Mohab Mamish ratified on Sunday contracts for 15 new projects in the Ain Sokhna industrial zone with a collective investment value of EGP 1 bn, Al Shorouk reports. The move follows a resolution pf a land dispute between the SCZone and the Suez Industrial\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":592421,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/sczone-gets-the-greenlight-to-set-up-investment-arm\/","url_meta":{"origin":592655,"position":4},"title":"SCZone gets the greenlight to set up investment arm","author":"enterpriseam admin","date":"6 August 2023","format":false,"excerpt":"SCZone Istithmar will manage the authority\u2019s investments","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626487,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/sczone-elsewedy-expected-to-sign-contracts-for-10-mn-sqm-in-ain-sokhna\/","url_meta":{"origin":592655,"position":5},"title":"SCZone, Elsewedy expected to sign contracts for 10 mn sqm in Ain Sokhna","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"The Suez Canal Economic Zone is \u201cputting the final touches\u201d on contracts with Elsewedy to develop 10 mn sqm in Ain Sokhna, and expects to ink the final agreement within two weeks\u2019 time, Al Mal reports. 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