DP World to Establish Logistics Area in SCZone

Giving More to Your Wealth
21 Aug 2022

DP World’s subsidiary DP World-Sokhna has agreed to establish a logistics park in Sokhna. The location is within the SCZone (Suez Canal Economic Zone), and aims to serve as a port logistics service zone. The project’s first phase, with investments of USD50mn, is expected to be operational by the end of 2023 on an area of 300k m2. When completed, the project will have involved USD80mn of investments. The project is expected to add 600 new jobs, as well as many more indirectly. The purpose of the zone is to act as a hub for a number of activities including logistics, trading & distribution, light industrial, and other value-adding activities. (Sources: SCZone (English), Zawya (English), al-Ahram (English) (Arabic), Egyptian Gazette (English), Transport & Logistics Middle East (English), al-Maal, Economy Plus, al-Dustour, Sada el-Balad, Masrawy, al-Khaleej, al-Sharq Business, al-Arabiya, Xinhua)

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