East Port Said Development to receive 400,000 sqm in Suez canal axis
East Port Said Development company is set to receive 400,000 metre square from the Suez Canal Economic Zone (SCZone) in order to develop Suez Canal axis, General Manager of Commercial Affairs, Ahmed Al Mufti.
He told Amwal Al Ghad that he Suez Canal Economic Zone (SCZone) and Armed Forces Engineering Authority has completed the soil treatment works of this area.
East Port Said Development Company is responsible for the development, management, and marketing of the East Port Said Industrial Zone, which has a total area of 16 million sqm. It is assumed that the development process will take place in several phases.
“East Port Said Industrial Zone’s total space reaches about 40 million square metres,” he said
East Port Said Development company has already hand over 50,000 meter square to BAG East Port Said and Gerda Egypt to establish two new plants with investments of up to €70 million.
