{"id":82565,"date":"2024-11-21T00:00:00","date_gmt":"2024-11-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/21\/two-new-zones-are-in-the-works-for-egypt\/"},"modified":"2024-11-21T00:00:00","modified_gmt":"2024-11-21T00:00:00","slug":"two-new-zones-are-in-the-works-for-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/21\/two-new-zones-are-in-the-works-for-egypt\/","title":{"rendered":"Two new zones are in the works for Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>East Port Said getting a new industrial zone<\/strong><strong>: <\/strong>Abu Dhabi-based port operator AD Ports has inked an MoU with Egypt\u2019s Suez Canal Economic Zone (SCZone) to establish an industrial zone in East Port Said, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02H1e3du5RXb2bnu99wZ2S2FDzoi5HDZBRruGsp32yzZ2f9MRYewWdvvUoUM5NkkSEl\" style=\"\" rel=\"noopener\">statement<\/a>. AD Ports and SCZone will operate and manage the 20 sqkm industrial zone, which will operate under a usufruct agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The focus: <\/strong>The zone will specialize in several industries, including renewable energy and tech products. A feasibility study will be conducted to assess the possibility of linking the zone with docks, yards, and logistics areas in East Port Said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is AD Ports handling? <\/strong>The UAE port operator will help develop the infrastructure for the industrial zone, which should contribute to providing an attractive environment for investors in Egypt\u2019s economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports has footprints in Egypt: <\/strong>AD Ports subsidiary Noatum Maritime acquired a majority stake <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8a80426-30cf-4b68-a0ac-bb6b049a0e2c\/ad-ports%25e2%2580%2599-noatum-maritime-takes-majority-stake-in-egypt%25e2%2580%2599s%253cmark%253e-safina%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">back in August<\/a> in Egyptian cargo services and maritime agency Safina BV \u2014 the agreement is set to close in 3Q 2024. AD Ports reportedly submitted an initial offer in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cb76122b-4f93-4366-ba04-bebed8deb9f6\/egypt-will-cancel-temporary-listing-for-port-companies-as-it-seeks-strategic-investors-instead,-source-says\" style=\"\" rel=\"noopener\">March 2023<\/a> to acquire a controlling stake in state-owned Port Said Container Handling (PSCCHC) and Damietta Container Handling (DCHC). AD Ports previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e354bba0-8774-412c-8d4d-c54fe34082c0\" style=\"\" rel=\"noopener\">inked a definitive 30-year concession agreement<\/a> with Egypt\u2019s Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Port. The Safaga 2 terminal is set to kick off operations in 2Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND OVER IN SADAT CITY- <\/strong><strong>Egypt greenlights USD 10 mn garment freezone in Sadat <\/strong><strong>City<\/strong><strong>: <\/strong>Egypt\u2019s cabinet has approved the establishment of a USD 10 mn special freezone \u2014 under the name LT Jeans Service LLC \u2014 in the fourth industrial zone in Sadat City, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%A7%D9%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D8%B9%D8%B4%D8%B1%D9%88%D9%86-%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A8%D8%B1%D8%A6%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%81%D9%8A-%D8%A7\/1076335474536872\/?locale=ar_AR\" style=\"\" rel=\"noopener\">statement<\/a>. The freezone \u2014 which will cover 22.8k sqm \u2014 will manufacture ready-made garments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The project aims to produce 2.8 mn pieces of clothing per year using 75% local components, and will export 100% of its output, leveraging Egypt\u2019s proximity to international markets. Egypt\u2019s growing garment industry accounts for nearly 7% of Egypt\u2019s exports and employs more than 1.5 mn workers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The industry is a roll: <\/strong>Chinese textile and garment manufacturer Jiangsu Lianfa Textile wants to set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/313abe40-bb0a-4827-8dcb-022b70eb3ba4\/egypt-and-uae-ink-three-project-agreements-worth-usd-bns-of-investments\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> integrated complex for textile and ready-made garment production in Egypt. Egyptian garment manufacturer Alex Apparels will build a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b4ac4154-7b9c-46eb-bfe0-a1aa757c72d6\/trade,-aviation-and-logistics-updates-from-egypt,-saudi-arabia,-and-the-uae\" style=\"\" rel=\"noopener\">USD 100 mn weaving and dyeing factory<\/a> in the Alexandria freezone. Turkish ready-made garment maker \u015eirikcioglu has obtained approval from Egypt\u2019s government to establish a denim factory in Port Said with an estimated investment cost of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08a4539d-f710-47fb-b8ea-3c9af2c681ea\/turkish-usd-700-mn-denim-factory-gets-gov%25e2%2580%2599t-greenlight.-plus:-ades-inks-drilling-contract,-forbes-international-tower-to-cost-usd-1-bn,-sahl-eyes-digital-banking-license,-alwady-green-heads-to-ksa\" style=\"\" rel=\"noopener\">USD 700 mn<\/a>. Local ready-made garment maker Eroglu Egypt \u2014 the local arm of the Turkish Eroglu Holding \u2014 will invest over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/d199f141-0d3c-4c96-90e1-4de0b4d12c20\/turkey%25e2%2580%2599s-dnm-is-set-to-establish-two-projects-in-egypt-%2B-emrill-and-clemtech-join-forces-to-launch-emrill-rail-in-the-uae\" style=\"\" rel=\"noopener\">USD 150 mn<\/a> to build a ready-made clothing factory in Qantara West Industrial Zone, under an usufruct agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AD Ports and SCZone will operate and manage the 20k sqm industrial zone that will operate under an usufruct agreement<\/p>\n","protected":false},"author":1,"featured_media":82566,"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":[168,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-ad-ports","tag-zones","wpautop","entry"],"acf":{"mongo_id":"76584831-2d2c-4e27-b7c6-2e35ba38f618","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2086.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Two new zones are in the works for Egypt","related_issue":[82560],"teaser":"AD Ports and SCZone will operate and manage the 20k sqm industrial zone that will operate under an usufruct agreement","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.bfcb860f-c87b-4aef-95b9-613ca55d657e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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