Suez Canal Economic Zone

The Suez Canal Economic zone (SC Zone) in Egypt recently has joined the African Economic Zones Organization (AEZO). Which is an association of leading African Economic Zones and institutions in charge of the development, management and promotion of Economic Zones in Africa. It is a nonprofit organization aims to foster collective knowledge sharing, provide strategic and technical assistance, identify business opportunities and promote sustainable economic models and practices.

Being a member of such organization will affect positively the SC Zone position globally. Also Egypt has an exceptional position as the supply chain ring between Asia & Africa. Also Egypt Has 6 ports on the Red & Mediterranean seas. These ports ensure rapid delivery of goods to 1.8 billion consumers in Europe, Asia, the Middle East and Africa.

SC Zone Opportunities

SC Zone in Egypt contains 4 areas which are Ain Sokhna with Ain Sokhna port, East Port Said with East Port Said port, Qantara West and East Ismailia.

Ain Sokhna with Ain Sokhna port

Ain Sokhna area is a major industrial and logistics hub at the southern gateway to the Suez Canal. It combines port facilities, industrial zones, residential areas. And excellent road and rail linkages to Cairo and the city of Suez. It has an incomparable seaview.

Ain Sokhna Port is located on the western coast of the Gulf of Suez, 43 km south of the city of Suez. Covering an area of 22.3 km2. It has a depth of 18 m. Due to abundant surrounding land, the port is fast becoming a major industrial hub serving international and domestic markets. Expansion plans include new container terminals; dry bulks and general cargo terminals. Besides liquid bulk terminals; logistics, warehousing and distribution centers; and a dry port.

East Port Said with East Port Said port

Currently being developed into a major transshipment center with a multi-modal logistics center. This area occupies 75.5 km2 adjacent to the East Port Said Port. The expansion of East Port Said Port in the northwest part of the area is spurring industrial development and creating opportunities for water desalination and power plants. As well as in road network expansion. Real estate development opportunities include residential projects in East Port Said and Bardawil, some with sea views.

East Port Said Port
A main international and domestic transshipment hub at the northern entrance of the Suez Canal. East Port Said Port is known for its sheltered deep-water facilities that allow it to accommodate large vessels. And rendering it among the world’s top 40 busiest ports and growing. Proposed expansions, covering 26 km2. It will provide a wide range of port and logistics development opportunities and increase the port’s total area to 70 km2.

Qantara West

A new residential community with light industry and logistics centers easily accessible to the Suez Canal. Located close to farmland 30 km north of Ismailia on the road to Port Said, Qantara West benefits from proximity to the fertile Delta and is ideal for agribusiness. Currently, 13.6 km2 are available for development in an area well supplied with water, electricity and sewage. Suitable logistics enterprises include warehousing and fulfillment services. Besides transportation and distribution, freight forwarding, Pick & Pack, to name but a few.

East Ismailia

A new center for high-tech industries. As well as educational and scientific research institutions. East Ismailia is located 10 km east of the Suez Canal and covers an area of 71 km2. With excellent electricity and water supply, East Ismailia offers ample prospects for light and medium industry. Besides research and development facilities. As well as commercial ventures and services. A tunnel was recently established to link East Ismailia with the Egyptian mainland which greatly decreases east to west transportation time.

  SC Zone in Egypt Investment Incentives

  1. Full foreign ownership of companies.
  2. Full foreign control of import/​export activities.
  3. Imports exempt from customs duties and sales tax.
  4. Customs duties on exports to Egypt imposed on imported components only, not the final product.
  5. Fast-track visa services.

SC Zone International Trade Agreements

  • Greater Arab Free Trade Area​ (GAFTA).
  • Egypt-EFTA (Iceland, Liechtenstein, Norway and Switzerland) free trade agreement. ​
  • Egypt-EU Partnership Agreement.
  • Agadir Agreement (free trade zone among the Arabic Mediterranean Nations).
  • COMESA Agreement (Common Market for Eastern & Southern Africa).
  • Egypt-Turkey Free Trade Agreement​.
  • Qualifying Industrial Zones (QIZ).

You can extend your business in SC Zone in Egypt. And get benefit from the numerous opportunities it offers.  SME Consulting will help you all the way to start your business & enjoy the success. Contact Us Now

 



Leave a Reply