Suez Canal Economic Zone, Agility to invest US$ 60mn to establish logistics and customs centre
They recently announced that it has signed a contract with Agility to develop and operate a customs and logistics center in the Suez Canal Economic Zone.
The agreement with Agility was signed during the Egyptian-Kuwaiti Economic Forum in the presence of Walid Gamal El-Din, Chairman, Suez Canal Economic Zone (SCZONE), and Tarek Sultan, Vice Chairman, Agility.
Agility will work with SCZone to implement its strategic vision in the areas of services, logistics, and industrial zone support by establishing a technical and logistical arm that will automate customs processes and operations in the SCZone.
The project, intended to turn the zone into a global logistics hub, will improve the flow of goods and commodities and bring efficiency and lower costs to international companies and investors operating there.
Agility invest US$ 60mn to build a 100,000sqm customs and logistics centre in the industrial zone in Ein Sokhna, as well as another 100,000sqm customs and logistics centre in East Port Said. The project will be implemented during the second half of 2023.
“This agreement will enable the SCZONE Authority to improve visibility over inbound materials and finished goods and enhance efficiency through a single-window customs platform. The result will be increased commercial activity, quicker release of cargo and better overall operations,” observed Gamal.
“Companies with a presence in the SCZONE will have access to the world’s best logistics infrastructure and services. They will be situated at the trade crossroads of the world, amid the fastest-growing markets,” commented Sultan.