With $ 4.2 Million Investments… SCZONE Signs Two Agreements with an Egyptian–Turkish Alliance to Establish Customs Bonded Container Yards in Qantara West and Sokhna
Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), and Major General Eng. Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, witnessed today at SCZONE’s headquarters in the New Administrative Capital the signing ceremony of two new logistics projects with an Egyptian–Turkish alliance. The alliance includes the Arab Organization for Industrialization, United Egy Group from Egypt, Sigma Logistics & Containers from Turkey, and Logi Trade from Turkey.
The alliance will establish “SIGMA Egypt,” a joint venture designed to operate two customs-bonded yards for container storage, handling, and repair, offering value-added services. “The projects will cover a total area of 100,000 square meters, distributed as 50,000 square meters in Qantara West — making it the 33rd project in Qantara West Industrial Zone — and another 50,000 square meters in Sokhna, with total investments of $4.2 million (equivalent to EGP 203 million), fully self-financed, and are expected to provide around 100 direct job opportunities. The Qantara West agreement was signed by Admiral Mohamed Ahmed, Vice Chairman of SCZONE for the Northern Area, with Mr. Diaa El-Dien Ibrahim Khallaf, Chairman of United Egy Group and authorized signatory for the partners, while the Sokhna agreement was signed by Captain Ahmed Gamal, Vice Chairman of SCZONE for the Southern Area, with Mr. Khallaf representing the alliance.
“These two projects reflect the growing confidence of investors in SCZONE and highlight its pivotal role in attracting advanced logistics investments that serve regional and international trade. Establishing customs bonded container yards in Qantara West and Sokhna marks a qualitative leap in logistics integration within SCZONE, reducing supply chain costs, improving container handling efficiency, and creating new jobs. SCZONE is committed to reinforcing its position as a global hub for supply chains, manufacturing, and logistics services, in line with Egypt’s national strategy to become a leading logistics platform connecting the world’s continents.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.
“Through these projects, SCZONE aims to deliver value-added services for shipping lines and benefit from Egypt’s advanced infrastructure of roads and ports. This will support investors in SCZONE’s industrial zones, enhance product flows, and strengthen SCZONE’s role in serving both transit trade and industrial projects. Such projects align with global trends in the shipping and logistics industry, especially the rising demand for integrated storage and handling solutions.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, added.
“We highly value this fruitful cooperation with SCZONE, leading Turkish companies, and Egypt’s private sector. This cooperation and industrial integration in the container manufacturing project represent a strategic step with positive impacts on supporting the national industry and strengthening the Egyptian economy by reducing import dependency and adhering to global quality standards. The Arab Organization for Industrialization has advanced manufacturing capabilities and highly qualified human resources, enabling it to play an active role in this promising project, which will also enhance trade exchange and open new export markets to regional and global destinations.” Major General Eng. Mokhtar Abdel Latif, Chairman of the Arab Organization for Industrialization, said. It is worth noting that these projects align with Egypt’s strategic vision to foster sustainable development and attract investments in the logistics sector. They leverage SCZONE’s strategic ports, which are fully integrated with its industrial zones and serve as key gateways for global trade and comprehensive logistics services.
Source : SCZONE
