{"id":633157,"date":"2018-02-28T04:23:36","date_gmt":"2018-02-28T04:23:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/dp-world-sczone-launch-phase-1-development-of-ain-sokhna-multi-use-zone\/"},"modified":"2018-02-28T04:23:36","modified_gmt":"2018-02-28T04:23:36","slug":"dp-world-sczone-launch-phase-1-development-of-ain-sokhna-multi-use-zone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/dp-world-sczone-launch-phase-1-development-of-ain-sokhna-multi-use-zone\/","title":{"rendered":"DP World, SCZone launch Phase 1 development of Ain Sokhna multi-use zone"},"content":{"rendered":"

DP World, SCZone launch phase one of Ain Sokhna multi-use zone:<\/strong> DP World and the Suez Canal Economic Zone (SCZone) signed contracts to start development work on the 30 sq km first phrase of their integrated industrial and residential zone in Ain Sokhna, according to a joint statement (pdf)<\/a>. They plan to begin signing contracts with companies to begin operating out of the zone in March, SCZone Chairman Mohab Mamish said. \u201cWe are pleased to move ahead with the development of this promising new project, which has the potential to substantially increase foreign investment into Egypt\u2019s economy,\u201d said DP World Chairman and CEO Sultan Ahmed bin Sulayem at the signing yesterday.<\/p>\n

What is it? <\/strong>The 75k sqm zone will be managed by DP World, which holds a 49% stake in the project. It will also include a 20,000 sqm residential development. The agreement for the project was signed during November\u2019s World Youth Conference<\/a>.<\/p>\n

What industries are being targeted? <\/strong>Phase one will prioritize auto parts, food processing, petrochemicals, electronics, building materials, textiles, and medical equipment projects, Mamish added.<\/p>\n","protected":false},"excerpt":{"rendered":"

DP World, SCZone launch phase one of Ain Sokhna multi-use zone: DP World and the Suez Canal Economic Zone (SCZone) signed contracts to start development work on the 30 sq km first phrase of their integrated industrial and residential zone in Ain Sokhna, according to a joint statement (pdf). They plan to begin signing contracts […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633157","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"924dc72b-281c-465f-b922-515e40900426","order":"0","is_powered_by":true,"section_story_id":"4b0a757f-60d7-40dc-8e33-5c7659837d39","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633142],"teaser":"","voice_url":""},"yoast_head":"\nDP World, SCZone launch Phase 1 development of Ain Sokhna multi-use 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\/2018\/02\/28\/dp-world-sczone-launch-phase-1-development-of-ain-sokhna-multi-use-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World, SCZone launch Phase 1 development of Ain Sokhna multi-use zone\" \/>\n<meta property=\"og:description\" content=\"DP World, SCZone launch phase one of Ain Sokhna multi-use zone: DP World and the Suez Canal Economic Zone (SCZone) signed contracts to start development work on the 30 sq km first phrase of their integrated industrial and residential zone in Ain Sokhna, according to a joint statement (pdf). 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The zone will bring in various sectors, including SMEs, construction materials, auto spare parts, and textiles\u2026","rel":"","context":"In "Infrastructure"","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":637581,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/20\/smes-at-the-heart-of-dp-worlds-new-ain-sokhna-development\/","url_meta":{"origin":633157,"position":3},"title":"SMEs at the heart of DP World\u2019s new Ain Sokhna development","author":"enterpriseam admin","date":"20 November 2017","format":false,"excerpt":"DP World says small businesses will be \u201cat the heart of its new industrial and residential zone in Egypt\u2019s Sokhna,\u201d according to The National. The port operator signed an agreement at the World Youth Forum earlier this month with the Suez Canal Economic Zone (SCZone) to develop the 95k sqm\u2026","rel":"","context":"In "Speed Round"","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":642319,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/10\/sczone-dp-world-form-jv-to-implement-development-projects-in-the-zone\/","url_meta":{"origin":633157,"position":4},"title":"SCZone, DP World form JV to implement development projects in the Zone","author":"enterpriseam admin","date":"10 August 2017","format":false,"excerpt":"DP World and the Suez Canal Economic Zone (SCZone) will form a joint venture to implement development projects in the SCZone, Ahram Online reports. 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