{"id":74821,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/egypt-approves-establishment-of-new-ain-sokhna-private-freezone-hutchison-ports-eyes-usd-2-bn-in-investments-in-egypt\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"egypt-approves-establishment-of-new-ain-sokhna-private-freezone-hutchison-ports-eyes-usd-2-bn-in-investments-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/egypt-approves-establishment-of-new-ain-sokhna-private-freezone-hutchison-ports-eyes-usd-2-bn-in-investments-in-egypt\/","title":{"rendered":"Egypt approves establishment of new Ain Sokhna private freezone + Hutchison Ports eyes USD 2 bn in investments in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>E<\/strong><strong>gypt\u2019s cabinet has app<\/strong><strong>roved a draft decision to establish a new private freezone<\/strong>in Ain Sokhna over an area of 40k square meters for the Italian Egyptian Company for Sustainable Technological Industries, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02ZMvEMFEoGN2gdygH2vcfqahoRoTjVC21vrYFKVnwme6jgLf8LHyndyWkrrdtZCq5l\" style=\"\" rel=\"noopener\">cabinet statement<\/a>. The freezone will specialize in establishing and operating factories to produce high quality feldspar, and no-silica bio quartz and panels. The statement did not disclose a timeline for the construction of the freezone or the value of investments expected.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far: <\/strong>The company will export some 80% of its annual production and will use local components in 90% of its production inputs in its first three years of operation, the statement adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER NEWS FROM EGYPT- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/hutchisonports.com\/en\/\" style=\"\" rel=\"noopener\">Hutchison Ports<\/a><\/strong><strong> is looking to pour some USD 2 bn in <\/strong><strong>investments in Egypt in the coming years<\/strong>, Amwal Al Ghad cites Hutchison Ports CEO Gary Achun as saying on the sidelines of the TransMEA 2023 event last week. Hutchinson currently operates Alexandria Port and El Dekheila, according to their <a target=\"_blank\" href=\"https:\/\/hutchisonports.com\/en\/ports\/world\/hutchison-ports-alexandria\/\" style=\"\" rel=\"noopener\">website<\/a>. It <a target=\"_blank\" href=\"https:\/\/hutchisonports.com\/en\/media\/news\/hutchison-ports-announces-major-investment-of-us700-million-in-egyptian-port-projects-in-sokhna-and-b100\/\" style=\"\" rel=\"noopener\">has also invested<\/a> some USD 700 mn in Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The freezone will produce bio quartz and panels, mostly for export<\/p>\n","protected":false},"author":1,"featured_media":74822,"comment_status":"","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":[22],"tags":[49,17,357,32,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-egypt","tag-enterprise-logistics","tag-manufacturing","tag-trade","tag-zones","wpautop","entry"],"acf":{"mongo_id":"8116c4a9-6f0e-436c-8ef3-9935ec04f642","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/562.jpg,https:\/\/sczone.eg\/uplibrary\/2019\/09\/Sokhna-port-1536x864.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt approves establishment of new Ain Sokhna private freezone + Hutchison Ports eyes USD 2 bn in investments in Egypt","related_issue":[74811],"teaser":"The freezone will produce bio quartz and panels, mostly for export","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.8951bcaa-d887-4380-9bc2-bcb248c0d675.mp3"},"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 approves establishment of new Ain Sokhna private freezone + Hutchison Ports eyes USD 2 bn in investments in Egypt - Logistics<\/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\/logistics\/2023\/11\/13\/egypt-approves-establishment-of-new-ain-sokhna-private-freezone-hutchison-ports-eyes-usd-2-bn-in-investments-in-egypt\/\" \/>\n<meta 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