The investment cost of new projects contracted by industrial developers to be carried out in the Ain Sokhna Industrial Zone in 2020 hit $1.077 billion, the Suez Canal Economic Zone (SCZone) announced.<\/p>\n
Under the contracts, 24 projects in the Ain Sokhna Industrial Zone are set to be operated in three years, the SCZone said in a report released Friday on the outcome of 2020.<\/p>\n
The report said negotiations are underway with a number of national and foreign companies to establish projects specialized in petrochemicals, as well as supplementary industries of iron, tires, stainless steel and fiber-optic cables, in addition to logistics facilities for car storage.<\/p>\n
Egypt service center for Siemens International shall house the Egyptian German Technical Academy (EGT Academy), which aims at training some 5,500 Egyptian young people within four years, through a vocational training center integrated with a repairing and maintenance center. The center was established and operated at a cost of EUR 22.5 million.<\/p>\n
The SCZone has outlined a vision for 2020\/2025 to identify the targeted sectors and industries that go in line with the Egyptian State\u2019s policies.<\/p>\n
It added that a container and cargo terminal working with BOT system was established at a cost of dlrs 550 million in Ain Sokhna Area (port and industrial zone).<\/p>\n
The Ain Sokhna port\u2019s revenues increased 97 percent with a total of 731,000 tons handled at the port, representing a 10-percent increase, it revealed.<\/p>\n
Tourism movement at the port also increased by 102 percent, compared with 2019.<\/p>\n
The report noted that East Port Said port achieved remarkable results in 2020 in terms of containers handled and revenues collected.<\/p>\n
The port\u2019s revenues increased by 15 percent and containers handled at it rose by 18.5 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
The investment cost of new projects contracted by industrial developers to be carried out in the Ain Sokhna Industrial Zone in 2020 hit $1.077 billion, the Suez Canal Economic Zone (SCZone) announced.<\/p>\n","protected":false},"author":4,"featured_media":320847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[225],"class_list":["post-320846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main","tag-ain-sokhna-industrial-zone"],"yoast_head":"\n