Major General Eng.Mokhtar Abdellatif, Chairman of the Arab Organization for Industrialization (AOI), and Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), witnessed today at the headquarters of the Suez Canal Economic Zone in the New Administrative Capital the signing ceremony of two new logistics projects with an Egyptian-Turkish alliance comprising the Arab Organization for Industrialization, the Egyptian company United Egy Group, the Turkish company Sigma Logistics and Containers, and the Turkish company Logi Trade.
This alliance aims to establish the "Sigma Egypt" project, which will include the establishment of two areas to operate customs warehouses for the storage, handling, and repair of value-added containers. The project will span a total area of 100,000 square meters, 50,000 square meters of which will be located in Qantara West. This project will become 33 in the Qantara West Industrial Zone, and another 50,000 square meters in Sokhna, with investments totaling $4.2 million (equivalent to 203 million Egyptian pounds) fully self-financed, providing approximately 100 direct job opportunities.
During the signing ceremony, Major General Eng. Mokhtar Abdellatif, Chairman of the Arab Organization for Industrialization, expressed his appreciation for the fruitful cooperation with the Suez Canal Economic Zone and major Turkish companies, along with Egyptian private sector companies.
He emphasized that this cooperation and industrial integration in the container manufacturing project represents a strategic step, as it will have positive repercussions in supporting national industry and strengthening the Egyptian economy by reducing dependence on imports and in accordance with the latest international quality standards.
He also explained that the Arab Organization for Industrialization possesses advanced production capabilities and qualified human resources, enabling it to contribute effectively to this promising project, contributing to supporting trade exchange and opening new horizons for export to regional and global markets.
For his part, Walid Gamal El Din, Chairman of the General Authority for the Suez Canal Economic Zone, stated that the two new projects reflect the growing confidence of investors in the economic zone and highlight the Authority's pivotal role in attracting advanced logistics investments that serve regional and international trade. He noted that the establishment of customs bonded yards in the Qantara West and Sokhna areas represents a qualitative leap in the integration of logistics activities within the zone, helping to reduce supply chain costs and increase container handling efficiency, in addition to providing new job opportunities. He emphasized the importance of supporting the economic zone's position as a global center for supply chains, manufacturing, and logistics services, in line with the Egyptian state's strategy to become a leading logistics platform connecting the world's continents. He added that the Authority aims, through these projects, to develop value-added services for shipping lines and leverage the advanced road and port infrastructure to serve investors in the Authority's industrial zones, contribute to the movement of products, and enhance the region's role in serving transit trade and industrial projects. He emphasized that these types of projects keep pace with global changes in the maritime transport and logistics industry, especially with the increasing demand for integrated storage and handling solutions.
It is worth noting that the two projects align with the Egyptian state's strategic directions towards promoting sustainable development and attracting investments in the field of logistics services. This is in light of the Suez Canal Economic Zone's strategic ports that complement its industrial zones and represent a major gateway for global trade and integrated logistics services.