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DUBAI / WAM
DP World, the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) signed an agreement to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt.
The agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and SCZone.
This follows the signing of a partnership agreement at a ceremony in Sharm el-Sheikh, Egypt, on the sidelines of the World Youth Forum in November last year.