Sarie-Eldin & Partners represents DP World & Suez Canal Economic Zone Authority in development of industrial and residential zone
Sarie-Eldin & Partners Legal Advisors represents DP World and Suez Canal Economic Zone Authority In Development of Integrated Industrial and Residential Zone in Egypt spanning 30 square kilometers
Sarie - Eldin & Partners is pleased to announce that a Framework Agreement to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt has been signed in Dubai between global trade enabler DP World, and the Suez Canal Economic Zone (SCZone).
The framework agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometers.
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. The joint venture between SCZone (51%) and DP World (49%) with DP World managing the zone, will result in the development a comprehensive industrial zone in Sokhna spanning 96square kilometers, as well as increasing the capacity of Sokhna port and linking it to the industrial zone to fuel foreign investment and trade growth.
