Four consortia work on developing 7.2 mn sqm in SCZone

Four local and Arab companies and consortia are currently working on developing 7.2 mn sqm in the Suez Canal Economic Zone before the end of 2018.

The developers include Elsewedy Group subsidiary SDM, a subsidiary of ASEC Capital, a Polaris-Ardic consortium, and a CPC Egypt for Industrial Development Company-Ayady for Investment and Development consortium.

As for Elsewedy Group, the company’s CEO said that the company is specially interested in expanding and investing in the Suez Canal axis projects in Ain Sokhna and East port Said.

The company currently has about 4 million square meters in Ain Sokhna, which is dedicated to the logistics of medium and heavy industries, where it is currently under way to attract Arab and foreign investments.

on the other hand,  Polaris-Ardic consortium seeks start developing one million metre square in Ain Sokhna within two months of a total agreed upon 5.5 million metre square.

Regarding, CPC Egypt for Industrial Development Company-Ayady for Investment and Development consortium aims to finish technical and financial plan for the project of developing and the establishing an industrial zone.