SCZone receives offers worth $11 mln in Ain Sokhna

The Suez Canal Economic Zone announced new projects offers in Ain Sokhna with investments mounted to $11 million, according  Chairman of SCZone  Mohab Mameesh.

He added that the most prominent agreements being negotiated so far include Industrial petrochemical complex for the production of propylene derivatives on an area of 900,000 metre square with investments worth $ one billion creating 4,000 job opportunities.

In addition to, an industrial complex to  produce gas derivatives on an area of 2 million metre square with investments worth $10 million creating 27,000 direct and indirect projects.

He further noted that  SCZone has reviewed final contracts for developing 13.3 million square metres out of a total 20.4 million square metres, as a result of contracts inked with firms such as Egypt TEDA, Carbon Holdings, ECOBAT and Raya Holding Co.

The Suez Canal Economic Zone (SCZone) is a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal.

Strategically located on the main trade route between Europe and Asia, more than eight percent of global trade passes through every year.