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SCZone, Mecedes to establish logistics park in Ain Sokhna

SCZone, Mecedes to establish logistics park in Ain Sokhna

ArabFinance: Suez Canal Economic Zone (SCZone) signed an initial contract with Mercedes-Benz to establish a logistics park at the canal’s Ain Sokhna industrial zone, SCZone said in a statement on July 25th.

Yehia Zaki, Chairman of SCZone, and Raool Rohan, Chief Executive Officer of Mercedes-Benz Egypt, signed the agreement in the presence of Chairman of the Board of Directors Peter Ernst Ross, Vice President of SCZone General Mohamed Shaaban, and CEO Walid Gamal El-Din.

“This is an important step for us to have a logistics park by Mercedes which facilitates and supports the auto industry in the Economic Zone,” Zaki said.

The new logistic park by Mercedes will feature a storage yard for cars, a centre for auto spare parts and a maintenance workshop.

Zaki added that such projects and contracts with international companies would enhance the investment in the zone.

Under presidential directives, the strategy of the SCZone has focused on doubling investment opportunities and localizing technology in line with Egypt's plan to develop ports and navigational services nationwide.



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