{"id":637108,"date":"2017-11-08T04:04:20","date_gmt":"2017-11-08T04:04:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf\/"},"modified":"2017-11-08T04:04:20","modified_gmt":"2017-11-08T04:04:20","slug":"suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf\/","title":{"rendered":"Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF"},"content":{"rendered":"<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a><strong>INVESTMENT WATCH- The Suez Canal Authority signed six MoUs for projects worth a combined USD 40 bn at the World Economic Youth Forum yesterday<\/strong>, <a href=\"http:\/\/www.youm7.com\/story\/2017\/11\/7\/%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A7%D8%AA-%D8%A8%D9%8A%D9%86-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D9%88%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-40-%D9%85%D9%84%D9%8A%D8%A7%D8%B1\/3499824\">Youm7 reports<\/a>. DP World is expected develop USD 5.6 bn in infrastructure over a 96k sqm area in Ain Sokhna, <a href=\"http:\/\/almalnews.com\/Story\/352175\/15\/%D8%AD%D8%AF%D9%8A%D8%AF-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D9%8A%D9%86-%D9%88%D8%B3%D8%A7%D9%85%D9%83%D8%B1%D9%8A%D8%AA-%D9%8A%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D8%B9%D9%82%D9%88%D8%AF%D9%8B%D8%A7-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9\">sources tell Al Mal<\/a>. The port operator had signed a preliminary agreement with Suez Canal Economic Zone (SCZone) chief Mohab Mamish <a href=\"https:\/\/enterprise.press\/stories\/2017\/09\/24\/sczone-signs-preliminary-agreement-with-dp-world-on-ain-sokhna-joint-venture\/\">last month<\/a> to establish a joint venture to develop and manage an industrial zone in Ain Sokhna that could serve a range of industries including construction, textiles, and SMEs. DP World Group Chairman and CEO Sultan bin Sulayem said <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1215435\">the company plans to<\/a> attract 10 firms to the area, promising more announcements on new industrial zones over the coming three months.<\/p>\n<p><strong>China\u2019s COSCO Shipping also inked a USD 30 mn agreement with the SCZone to build a 130k sqm logistics park<\/strong> in the TEDA Industrial Zone in Ain Sokhna, <a href=\"http:\/\/news.xinhuanet.com\/english\/2017-11\/08\/c_136735209.htm\">Xinhua reports<\/a>. The project, which TEDA Executive General Manager of China-Africa Wei Janqing said will be the first bonded logistics park in any of Egypt\u2019s special economic zones, will include storage yards and bonded and non-bonded warehouses. No details were provided on the expected timeline of the project, the initial phase of which is expected to create some 300 jobs.<\/p>\n<p><strong>Polaris Al Zamil, ARDIC and the Industrial Construction & Engineering Company (SIAC) will develop a 5.5 mn sqm business park in Ain Sokhna<\/strong>, <a href=\"https:\/\/alborsanews.com\/2017\/11\/07\/1063232\">Al Borsa reports<\/a>. Polaris Parks <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/08\/polaris-parks-conducts-feasibility-studies-for-new-business-zone-in-suez-canal-axis\/\">had announced last month<\/a> it was conducting the technical and feasibility studies for the project, which <a href=\"http:\/\/almalnews.com\/Story\/352179\/11\/%D8%AA%D8%A3%D9%83%D9%8A%D8%AF%D8%A7-%D9%84%D8%A7%D9%86%D9%81%D8%B1%D8%A7%D8%AF-%D8%A7%D9%84%D9%85%D8%A7%D9%84--%D8%A3%D8%B1%D8%B6%D9%83-%D9%8A%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%85%D8%B9-%D8%A8%D9%88%D9%84%D8%A7%D8%B1%D9%8A%D8%B3-%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-5-5-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%85%C2%B2-%D8%A8%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3\">aims to attract<\/a> USD 3.5 bn in investments to the area over 15 years. The land was allocated on a right-to-use basis for 50 years.<\/p>\n<p><strong>Egyptian Steel and an arm of Samcrete have also signed for land.<\/strong> The steel manufacturer will develop a coal storage facility on a 100k sqm plot in Ain Sokhna, while Samcrete was expected to receive a 4 mn sqm plot in East Port Said, Managing Director Sameh Attia had previously said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 operator had signed a preliminary [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637108","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"07f9b646-13c4-4adb-96ee-ad68f89871b8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637100],"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>Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF - 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\/2017\/11\/08\/suez-canal-authority-signs-six-mous-for-projects-worth-a-combined-usd-40-mn-at-wyf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF\" \/>\n<meta property=\"og:description\" content=\"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. 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The companies signing\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":636068,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/transport-ministry-signs-mous-with-crbc-for-three-projects-at-red-sea-ports-worth-usd-1-35-bn\/","url_meta":{"origin":637108,"position":1},"title":"Transport Ministry signs MoUs with CRBC for three projects at Red Sea ports worth USD 1.35 bn","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"China lands port projects worth c. USD 1.4 bn: The Transport Ministry signed yesterday MoUs with the China Road and Bridge Corporation (CRBC) for three port projects at a combined cost of USD 1.35 bn, Minister Hisham Arafat said, Al Borsa reports. The agreement will see CRBC conduct studies and\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":603375,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/canal-sugar-to-sign-three-mous-for-investments-worth-usd-1-bn\/","url_meta":{"origin":637108,"position":2},"title":"Canal Sugar to sign three MoUs for investments worth USD 1 bn","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"Al Canal Sugar is expected to sign three MoUs with ElSewedy Electric, Saudi\u2019s Alkhorayef Group and China\u2019s Sinoma International Engineering to facilitate new projects worth USD 1 bn, reports Al Mal. Agreements with Al Kharafi will be in the area of irrigation, while Sinoma will oversee development of a new\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/19\/suez-canal-revenues-rise-11-5-y-o-y-during-fy2017-18\/","url_meta":{"origin":637108,"position":3},"title":"Suez Canal revenues rise 11.5% y-o-y during FY2017-18","author":"enterpriseam admin","date":"19 June 2018","format":false,"excerpt":"Also good for the nation\u2019s finances: Record Suez Canal revenues. Suez Canal revenues rose 11.5% y-o-y during FY2017-18 to USD 5.585 bn, up from USD 5.008 bn in FY2016-17, according to the Suez Canal Authority. The canal\u2019s revenues during the current fiscal year mark an all-time high, authority chief Mohab\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":634144,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/suez-canal-revenues-rise-5-4-in-2017\/","url_meta":{"origin":637108,"position":4},"title":"Suez Canal revenues rise 5.4% in 2017","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Suez Canal revenues rose 5.4% y-o-y in 2017 to USD 5.3 bn, up fractionally from USD 5 bn in 2016, Al Borsa reports. The canal saw increased traffic throughout the year with ships carrying heavier cargo loads, Suez Canal Authority head Mohab Mamish said.","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":616135,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/29\/egypt-inks-usd-41-bn-worth-of-green-hydrogen-and-renewable-energy-agreements\/","url_meta":{"origin":637108,"position":5},"title":"Egypt inks USD 41 bn worth of green hydrogen and renewable energy agreements","author":"enterpriseam admin","date":"29 February 2024","format":false,"excerpt":"Some USD 12 bn is allocated pilot phase, with the remaining USD 29 bn allotted for the the first phase","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2833.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\/637108","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=637108"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637108\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637100"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637108"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637108"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}