18 December 2018 07:58 PM

Mamish: Developing Suez Canal area to serve Egypt’s, World’s economies

Friday، 12 January 2018 - 11:00 AM

The development of Suez Canal area will serve Egypt’s and World’s economies and contribute to providing one million job opportunities for young men, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) Mohab Mamish asserted.


Several mega national projects being built in the SCZone will help revive the national economy, Mamish said in a meeting on Thursday with Presidential Adviser for National Projects Ibrahim Mahlab.


During the meeting, Mamish has handed over to Board Member of Polaris International Industrial Parks Mohamed Kassem the title deeds of plots of lands over 5.5 million square meters from the southern region lands.


The 3.5-billion-dollar projects in the southern region are expected to secure 50,000 job openings, Mamish noted.


A title deed of a 2.2-million- square meter plot was also handed over by Mamish to Board Chairman of El Sokhna Refinery & Petrochemicals company Mohamed El Sawy.


The 4.5-billion-dollar project will be earmarked for establishing an oil refinery with a production capacity of approximately 155,000 barrels of oil per day.





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