{"id":6858,"date":"2021-06-07T17:58:08","date_gmt":"2021-06-07T16:58:08","guid":{"rendered":"https:\/\/maritimafrica.com\/en\/?p=6858"},"modified":"2021-06-07T17:58:11","modified_gmt":"2021-06-07T16:58:11","slug":"egypts-prime-minister-mostafa-madbouly-follows-up-projects-at-suez-canal-economic-zone","status":"publish","type":"post","link":"https:\/\/maritimafrica.com\/en\/egypts-prime-minister-mostafa-madbouly-follows-up-projects-at-suez-canal-economic-zone\/","title":{"rendered":"Egypt\u2019s Prime Minister Mostafa Madbouly follows up projects at Suez Canal Economic Zone"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"707\" src=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1.jpg\" alt=\"\" class=\"wp-image-6859\" srcset=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1.jpg 1024w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1-300x207.jpg 300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1-768x530.jpg 768w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1-392x272.jpg 392w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8952-1024x707-1-130x90.jpg 130w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>SCZone<\/figcaption><\/figure><\/div>\n\n\n<p class=\"has-drop-cap\" style=\"text-align: justify;\">E<strong>gypt\u2019s Prime Minister Mostafa Madbouly laid on Saturday the foundation stone of the Suez Canal Economic Zone\u2019s (<a href=\"https:\/\/www.facebook.com\/SCZONE.EG\">SCZone<\/a>) petrochemical complex built at an estimated cost of $7.5 billion.<\/strong><\/p>\n<p style=\"text-align: justify;\">The 3.56 million-square-meter complex in Ain Sokhna will meet the local market needs of petroleum and petrochemical products and the production of polyethylene, polypropylene, polyester, and bunker fuel, a Cabinet statement said.<\/p>\n<p style=\"text-align: justify;\">The facility will have a production capacity estimated at 1 million tonnes annually, the statement said, adding it will contribute to lowering the state\u2019s imports of the vital products.<\/p>\n<p style=\"text-align: justify;\">The go-live phase of the complex, which will offer around 15,000 job opportunities, is set for the first half of 2024.<\/p>\n<p style=\"text-align: justify;\">Madbouly also toured the\u00a0<a href=\"https:\/\/twitter.com\/sczone_eg\">SCZone<\/a>\u00a0to follow up on the progress made in implementing several projects in the zone, the infrastructure and utilities work, and the revamp of Ain Sokhna Port.<\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8742-1024x620-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6860 aligncenter\" src=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8742-1024x620-1.jpg\" alt=\"\" width=\"1024\" height=\"620\" srcset=\"https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8742-1024x620-1.jpg 1024w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8742-1024x620-1-300x182.jpg 300w, https:\/\/maritimafrica.com\/en\/wp-content\/uploads\/2021\/06\/HM_8742-1024x620-1-768x465.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>\u00a0<\/p>\n<p style=\"text-align: justify;\">He said that zone is considered one of the most important national projects, urging a strategic focus on projects in the zone that are based on investments targeting localization of technology, industrial capacity, and employment creation.<\/p>\n<p style=\"text-align: justify;\">In April, the\u00a0<a href=\"https:\/\/twitter.com\/sczone_eg\">SCZone<\/a>\u00a0signed an agreement worth EGP 20 billion ($1.27 billion) with the General Authority for Roads and Bridges to develop the Canal Zone\u2019s Ain Sokhna port.<\/p>\n<p style=\"text-align: justify;\">The agreement is part of a plan to turn the port into a leading hub in the region on the Red Sea and the Middle East, and to serve the global trade movement between the east and the west.<\/p>\n<p style=\"text-align: justify;\">It also comes under presidential directives to revamp national ports and boost their efficiency to raise their competitiveness among other ports along the Red Sea and the Mediterranean.\u00a0<\/p>\n<p style=\"text-align: right;\"><strong>SCZone<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s Prime Minister Mostafa Madbouly laid on Saturday the foundation<\/p>\n","protected":false},"author":1,"featured_media":6859,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,1749,442],"tags":[1750,31,32,1964,1869,739],"class_list":["post-6858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-egypt","category-news","tag-egypt","tag-maritimafrica","tag-maritime","tag-sokhna-port","tag-suez-canal","tag-suez-canal-economic-zone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt\u2019s Prime Minister Mostafa Madbouly follows up projects at Suez Canal Economic Zone - 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The 3.56 million-square-meter complex in Ain Sokhna will meet the local market needs of petroleum and petrochemical products and the production of polyethylene, polypropylene, polyester, and bunker fuel, a Cabinet statement said.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/maritimafrica.com\/en\/egypts-prime-minister-mostafa-madbouly-follows-up-projects-at-suez-canal-economic-zone\/","og_locale":"en_US","og_type":"article","og_title":"Egypt\u2019s Prime Minister Mostafa Madbouly follows up projects at Suez Canal Economic Zone - Maritimafrica","og_description":"Gypt\u2019s Prime Minister Mostafa Madbouly laid on Saturday the foundation stone of the Suez Canal Economic Zone\u2019s (SCZone) petrochemical complex built at an estimated cost of $7.5 billion. 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