The Suez Canal Economic Zone has signed a contract with Kuwait-headquartered Agility to develop and operate customs and logistics centres in the Zone.
The project, intended to turn the zone into a global logistics hub, is designed to improve the flow of goods and commodities and bring efficiency and lower costs to international companies and investors operating there. Agility is to invest around US$ 60 million to build a 100,000 m2 customs and logistics centre in the industrial zone in Ein Sokhna, as well as another 100,000 m2 customs and logistics centre in East Port Said. These projects will be implemented during the second half of 2023.
Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone, said: “This agreement will enable the Suez Canal Authority to improve visibility over inbound materials and finished goods and enhance efficiency through a single-window customs platform. The result will be increased commercial activity, quicker release of cargo and better overall operations.”