Egypt Today A memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) was signed on Tuesday. Egyptian Prime Minister Mostafa Madbouly was in attendance. The factory, dubbed EPAZ, would produce 75,000 vehicles a year in the first phase of operations. It is a …
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Suez Canal Authority and UAE sign MOU on green hydrogen plants
Egypt Today Two memoranda of understandings were signed by Egypt and UAE on Sunday to develop green hydrogen plants in the economic zone of Suez Canal. The agreements were signed between Suez Canal Economic Zone Authority, the Egyptian Sovereign Fund, the Egyptian Company for Electricity, the Renewable Energy Authority, and …
Read More »Wind farms complement Suez Canal projects
Egypt Today Suez Canal Authority plans include wind farms and solar projects for the production of renewable electric energy within the vision of the Suez Canal Economic Zone. This attitude is in line with the state plan to generate 20% of the total electricity generated from renewable sources by …
Read More »Chile seeks free trade zone in Egypt
Mohammed Hammad – Ahram Online Philippe Lubiedia, the director of economic relations at the Chilean Ministry of Foreign Affairs, said in an interview with Al-AhramArabic newspaper that Chile will start later this year advanced negotiations to launch a free trade zone with Egypt. Investors in both countries are looking forward …
Read More »US$5B Chinese investment in Suez Economic Zone
Egypt Independent A memorandum of understanding was signed between the Provincial Government of Tianjin and the General Authority of the Economic Zone of the Suez Canal to develop the second phase of the Tianjin Economic-Technological Development Area (TEDA) industrial zone, Mohab Mamish, head of Suez Canal Authority and the …
Read More »Thirty agreements signed at Africa Forum 2018
Egypt Independent The “Africa 2018” forum, which concluded on Monday, announced seven important decisions at the end of the forum alongside the signing of 30 agreements in the fields of investment, entrepreneurship, financing for small and medium-sized enterprises, and infrastructure and technical cooperation agreements all totalling at US $3.5 …
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