Saudi firm to develop 5Km in Suez Canal region

Egyptian General Authority for Suez Canal Economic Zone has received an offer from one of the Saudi firms to develop 5 Km in Ain Sukhna in Suez Canal region within the upcoming period.

Speaking to Amwal Al Ghad, authority’s Chairman Ahmed Darwish stated Monday that the Saudi firm is currently preparing the offer with its all technical and financial sides to submit it officially to the authority.

The authority is to start the allocation procedures as soon as it receives the official offer from the company, the chairman added.

Darwish clarified that the authority is providing large facilities for the investors notably decreasing the time of registering and founding companies in order not to exceed a week.