DP World And Suez Canal Authority Move Ahead With Development Of Integrated Industrial And Residential Zone In Egypt

An agreement to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt has been signed in Dubai todaybetween global trade enabler DP World, the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).

The framework agreement, whichestablishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).