Suez Canal to allocate 5 sqkm in Ain Sokhna area

22 Feb 2016

(MENAFN) Suez Canal Economic Zone (SCZone) received new request from investors in order to allocate lands the Ain Sokhna area at 5 sqkm to the industrial development system.

Moreover, the firm will view the infrastructure and buildings as well as marketing processes and in exchange SCZone will offer water and electricity facilities.

Accordingly, the Ain Sokhna area is set to get new investments, especially in the petrochemical industries, and to establish trade centers owing to Ain Sokhna Port.

In addition, there been discussions to establish petrochemical complex in the area, with investments value almost USD 5.3bn through five years.

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