The General Authority for Suez Canal Economic Zone (SCZone) partners with the Emirati AD Ports Group to develop the KEZAD East Port Said industrial and logistics zone. Photo: Egyptian Cabinet
The Egyptian cabinet said the agreement aims to develop and operate a 20-square-kilometre industrial and logistics area near the Egyptian city of Port Said on the Mediterranean Sea.
Under the terms of this agreement, AD Ports Group will develop, construct, finance, operate, and manage the industrial and logistics zone in multiple phases.
The focus will initially be on completing Phase 1, which spans 2.8 square kilometres, over the next three years, with construction starting by the end of 2025.
Phase 1 will also feature the establishment of a 1.5-kilometre quay, which may later be expanded to accommodate a multipurpose cargo terminal.
Interest and commitments from potential stakeholders and partners will drive the progress of Phase 1.
A total investment of $120 million has been allocated for market and technical studies.
The East Port Said Industrial Zone is emerging as a key hub for international trade and investment, thanks to its strategic location overlooking the Mediterranean Sea at the entrance of the Suez Canal.
This positioning presents a significant opportunity to strengthen trade routes between the East and the West.
AD Ports Group is a global trade, transport, logistics, and industry enabler.
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