Officials at the contract signing event at the COP27 Climate Change Summit. Credit: The Suez Canal Economic Zone.

The Suez Canal Economic Zone (SCZONE) has signed two contracts for a multi-purpose terminal and industrial zone development in East Port Said port.

One contract has been signed between The General Authority for Suez Canal Economic Zone and Roots company to develop an industrial zone at the port.

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This contract is within the framework of the integration strategy between the industrial zones and the affiliated ports pursued by SCZONE.

Furthermore, a commitment contract has been signed between the General Authority for the Suez Canal Economic Zone and a consortium of Sky Investment and Reliance Logistics.

This contract has been reached for the design, construction, management, operation and maintenance of a multi-purpose terminal in East Port Said port.

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SCZONE chairman Waleid Gamal El-Dein said: “The East Port Said integrated zone is witnessing several development projects in the port and the dry bulk station project for grains, in addition to the vision for industrial development.

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“It made the East Port Said Industrial Zone a distinguished location and qualified to be one of the most important hub of heavy industries in Egypt as well as one of the most important commercial hub due to the potential of the port.”

In addition, SCZONE announced ten final contracts for the production of green fuel.

Furthermore, SCZONE reached a $500m concession contract with the Suez Canal Container Terminal (SCCT) for the financing, design, construction, management and operation of the extension of the container handling terminal as a second terminal at Port Said East port.

With a length of 955m and a handling yard of 510,000m², the project will help expand the existing SCCT container terminal at Port Said East port.