"Abu Dhabi Ports" And the economic zone of the Suez Canal signs the region to develop an area "Kizad East Port Said"

Cairo, May 4/ WAM/ Today, the Abu Dhabi Ports Group and the General Authority of the Economic Zone of the Suez Canal, the integrated investment destination to link the global industry and trade, announced the signing of a 50 -year -old use agreement for renewable, according to which an industrial and logistical area is developed and operated on an area of ​​20 square kilometers near the city of Port Said overlooking the Mediterranean coast.

East Port Said Industrial Zone is a major center for international trade and investment, based on its strategic location overlooking the Mediterranean, at the entrance to the Suez Canal, and provides promising opportunities to enhance trade routes between East and West.

The signing of the “Kizad East Port Said” agreement in the Egyptian capital, Cairo, witnessed His Excellency Dr. Mustafa Madbouly, Prime Minister of the Arab Republic of Egypt, in the presence of His Excellency Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advanced Technology, His Excellency Mohamed Hassan Al Suwaidi, Minister of Investment, His Excellency the team Eng. Kamel Al -Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, His Excellency Maryam Al Kaabi, State Ambassador to the Arab Republic of Egypt, Captain Mohamed Jumaa Al Shamsi, Member Delegate and CEO of Abu Dhabi Ports Group, Walid Jamal El Din, Chairman of the General Authority of the Suez Canal Economic Zone.

The agreement was signed by Ahmed Al -Mutawa, the regional CEO of the Abu Dhabi Ports Group, and Major General Mohamed Ahmed Mahmoud, Vice President of the Economic Zone of the Suez Canal for the northern region.

According to the agreement, the Abu Dhabi Ports Group will develop, construct, finance, operate and manage the industrial and logistical region in several stages and the focus will be on the completion of the first stage during the coming period, which will be on an area of ​​2.8 square kilometers and a total investment of $ 120 million will be allocated for related market and technical studies, in addition to developing the first stage over the next three years.

The construction of the first stage will begin by the end of 2025, and a group of customers and potential partners will include, including the regionally leading group in the fields of construction and development, Hassan Allam Holding Group.

On this occasion, Captain Mohamed Jumaa Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group said that the East Port Said region represents a prominent sign in our career to reflect the strength of the economic relations that bring together the United Arab Emirates and the Arab Republic Our integrated system for trade, industry and transportation, to provide comprehensive solutions and services for our customers. Moreover, this joint investment in the infrastructure will allow the field to continue the long -term economic growth in Egypt, enhance the capabilities of the Suez Canal, and supply trade between East and West.

For his part, Walid Jamal Al -Din, head of the Economic Zone of the Suez Canal, said that the inauguration of this project represents a new and important strategic step that confirms the depth of deep brotherly relations and the growing strategic partnership between the Arab Republic of Egypt and the United Arab Emirates, and the advanced position of the economic zone of the Suez Canal on the World Trade map is a pivotal center for industrial projects and logistical activities.

He added that this project enhances the continuous economic region efforts to support global supply chains, by providing an integrated competitive investment environment, based on advanced infrastructure and a unique geographical location, linking three continents and overlooking the most important global navigation corridors.

He stressed that the economic zone of the Suez Canal has succeeded during the past years to become a focal point for the investment expansion plans for a number of major regional and global companies, thanks to the vision based on integration between industrial areas and its seaports, including the “Kizad East Port Said” industrial and logistical area that directly integrates with the port of East Port Said, one of the most important ports on the Mediterranean, thanks to the Mediterranean, thanks to the Mediterranean, thanks to the Mediterranean, thanks to the Mediterranean, thanks Its high operational readiness, and its appropriate depth to receive giant ships and connect it to an advanced network and transportation systems, and that the global experience enjoyed by the Abu Dhabi Ports Group will help us achieve our desired goals in this regard.

In turn, Ahmed Al -Mutawa, the regional CEO of the Abu Dhabi Ports Group, said that the construction of Kizad East Port Said will constitute a vital tributary to attract investments, enhance industrial and logistical growth, create job opportunities, increase exports, and develop local skills and competencies, and accelerate the frequency of technology, and that this region will enhance the growing business system of the Abu Dhabi Ports Group in Egypt, and will employ the natural resources of the Suez Canal region to develop the business and manufacturing sector, and facilitate the practice of business to consolidate the position of Egypt is a major gateway to global markets.

For his part, Major General Bahri Mohamed Ahmed Mahmoud, Vice President of the Economic Zone of the Suez Canal for the northern region, explained that work is being done to build an integrated development model that combines industry, maritime transport, and logistical services, within a flexible organizational environment and stimulating investment, and the East Port Said industrial region represents the heart of this model because of its strategic location at the northern entrance to the Suez Canal, and direct connection to the East Port Said port The conversation, which is a focal point in the global trade movement, and occupies advanced centers in international classifications thanks to its operational readiness and advanced capabilities, as well as enhances integration with the West Port Said port, from the region’s readiness to provide integrated logistical solutions that attract investments, and then this project represents a qualitative shift in the development path in the northern region of the economic zone, not only in terms of the volume of expected investments, but from where The nature of the advanced industrial and logistical activities that will be implemented.

The Abu Dhabi Ports Group and Hassan Allam Holding Company, one of the group’s partners for development in Egypt, also concluded a memorandum of understanding with the aim of cooperation in developing the logistical and industrial zone in East Port Said and investing in it, and discussing cooperation opportunities in other projects.

In December 2024, the Abu Dhabi Ports Group announced that Hassan Allam Construction Company was assigned the largest entity of Allam Holding Group, and one of the construction industry pioneers in Egypt and the Middle East, to develop the infrastructure of the Safaga station overlooking the Red Sea coast.

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