Logistics Middle East

Suez Canal Economic Zone has US $8bn worth of projects planned until 2030


The new Suez Canal Economic Zone has a range of investment­s planned to create the necessary infrastruc­ture required to attract potential investors, according to Egyptian oñcials.

The General Authority for the Suez Canal Economic Zone is planning to increase water desalinati­on capacity in the South zone to 250,000 cubic metres (m3) of water per day, which will require a number of new water treatment and desalinati­on plants to be built.

The first plant, providing 20,000m3/day is due to complete in 2020 and a second, much larger plant is planned that will produce 130,0000m3/ day.

An additional 300MW of electricit­y-generating capacity set to be delivered by 2025, with another 543MW by 2030.

This will provide the infrastruc­ture needed to grow the SCZone’s primary industries: petrochemi­cals, constructi­on, textile, transport, logistics and pharmaceut­icals.

In addition, DP World is building a US $550-million container port and container yard.

In the North side of SCZone, meanwhile, General Baraya said that a joint Egyptian-Russian company will be set up in April to operate and manage a 5.25 square kilometre US $7 billion Russian Industrial Zone. It will be built out in three phases over 13 years.

He said that a new terminal at West Port Said is to be built at a cost of 200 million Egyptian ($11.6 million), and that it had “already signed several contracts” with foreign investors.

“Mercedes will be one of the internatio­nal companies that will be launched from the west port of Port Said (with) a new logistics centre... and there are negotiatio­ns with major, internatio­nal companies to work in the east port,” he said.

A new roll-on, roll-off facility with a 600m quay wall will be built to support the large vehicle platform site for an alliance between carmaker Toyota, Japanese shipping line NYK and French logistics firm Bolloré.

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