Mamish, Polish delegation discuss building industrial zone in Suez Canal project

Head of the Suez Canal Authority and the General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish discussed in a meeting Friday with a Polish delegation the activation of a memorandum of understanding (MoU) to establish an industrial zone in the Suez Canal Development Corridor.
The establishment of the Polish industrial zone serves as a starting point for luring Poland’s companies to invest in the country and making good use of trade agreements signed between Cairo and several states and economic blocs, including the Common Market for Eastern and Southern Africa (COMESA)’s agreement and the Agadir agreement, Mamish said. 
During the meeting, Mamish briefed the Polish delegation on the available investment opportunities in Ain Sokhna area, its distinguished location, the infrastructure development works, and its affiliated ports, which in turn could help facilitate the trade exchange movement and increase Egypt’s exports to world’s countries. 
For their part, the Polish delegation’s members toured Port Said harbors, where they were received by Deputy Head of the Commission Abdel Qader Darwish, who provided a detailed explanation on the Suez Canal Economic Zone (SCZone), with the aim of pinpointing the location of the new Polish industrial zone.
The new Polish industrial zone is expected to accommodate a number of industries, notably the auto industry, its feeding industries and food and chemical industries, as well as the field of renewable energy. 
Also, Director of International Economic Relations Department at Pomeranian Special Economic Zone Marta Dargas Draganik stressed that the Polish delegation’s visit comes in culmination of what was agreed upon between the two countries.
Furthermore, she commended the progress in the ongoing projects in the area, underlined that a large number of Polish companies look forward to inject their investments into Egypt, given the recent economic measures taken by the Egyptian government to improve the investment climate.

Source: Mena