{"id":646933,"date":"2024-10-03T00:00:00","date_gmt":"2024-10-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/a-brazilian-logistics-zone-in-sczone-plus-news-from-cib-geyushi\/"},"modified":"2024-10-03T00:00:00","modified_gmt":"2024-10-03T00:00:00","slug":"a-brazilian-logistics-zone-in-sczone-plus-news-from-cib-geyushi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/03\/a-brazilian-logistics-zone-in-sczone-plus-news-from-cib-geyushi\/","title":{"rendered":"A Brazilian logistics zone in SCZone? PLUS: News from CIB, Geyushi"},"content":{"rendered":"

\n

LOGISTICS-<\/p>\n

Brazilian investors eye setting up SCZone logistics zone:<\/strong> Seven Brazilian investors are currently conducting studies to establish a logistics zone in the Suez Canal Economic Zone (SCZone), Chief Director of the Arab-Brazilian Chamber of Commerce in Cairo Michael Gamal told Al Borsa<\/a>.The zone would act as a hub to import corn, soybeans, sugar, and other products that would then be re-exported to other Arab and African nations. More details should be unveiled at some point in 2025, he added.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Remember:<\/strong> Brazil has been showing interest<\/a> in investing in logistics and green energy projects in the SCzone for some time \u2014 the country has stepped up its interest in the region in general over the last year, exporting more beef and chicken to Egypt and upping its business with Saudi Arabia<\/a>.<\/p>\n

\n

INVESTMENT-<\/p>\n

Geyushi to invest EGP 1 bn in the local market:<\/strong> Egypt\u2019s Geyushi Motors plans to invest EGP 1 bn in its heavy-duty trucks business starting next year, vice chairman Khaled Geyushi told Al Borsa<\/a>. The investments will focus on increasing the local component ratio in its products and enhancing its manufacturing capabilities. Geyushi exports 80% of its buses, with the remaining 20% sold locally. <\/p>\n

\n

DEBT-<\/p>\n

CIB secures USD 150 mn loan from the IFC:<\/strong> CIB signed an agreement with the International Finance Corporation for a USD 150 mn loan facility with a maturity period of ten years, according to an EGX disclosure (pdf)<\/a>. The loan is intended to help the lender maintain a capital base that can withstand external influences. <\/p>\n","protected":false},"excerpt":{"rendered":"

The zone would act a hub to import corn, soybeans, sugar, and other products<\/p>\n","protected":false},"author":1,"featured_media":646934,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,144,240,7106,7372,72,759,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-cib","tag-debt","tag-egypt-brazil-relations","tag-enterpriseam","tag-international-finance-corporation","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"c9e27b65-3d6d-4a7b-ac9f-e8c48e636131","order":"17","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/252.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A Brazilian logistics zone in SCZone?","related_issue":[646903],"teaser":"The zone would act a hub to import corn, soybeans, sugar, and other products","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.68f16c5e-5c0f-4b13-bc70-8499da759343.mp3"},"yoast_head":"\nA Brazilian logistics zone in SCZone? 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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":583649,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/19\/four-companies-open-new-logistics-zones-factories-in-sczone\/","url_meta":{"origin":646933,"position":1},"title":"Four companies open new logistics zones, factories in SCZone","author":"enterpriseam admin","date":"19 March 2023","format":false,"excerpt":"Mercedes-Benz, Egypt Fanyang, Kadmar Shipping, Jushi Group, inaugurate new projects at SCZone","rel":"","context":"In 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Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/160.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572075,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/sczone-and-sfe-to-partner-on-rail-projects-in-east-port-said\/","url_meta":{"origin":646933,"position":3},"title":"SCZone and SFE to partner on rail projects in East Port Said","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"Sovereign fund is getting in on a railcar assembly plant in East Port Said with the SCZone: The Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (SFE), and the Transport Ministry are looking to set up a plant to assemble railway cars, SCZone head Yehia Zaki told Extra\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed 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PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone","author":"enterpriseam admin","date":"13 September 2023","format":false,"excerpt":"The loan could go towards one of the port\u2019s three logistics areas","rel":"","context":"In "Also on our Radar"","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\/9\/888.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\/646933","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=646933"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646933\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/646934"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646933"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646933"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}