On May 4, 2025, the UAE’s Abu Dhabi Ports Group (AD Ports Group) entered into a controversial agreement with Egypt’s General Authority of the Suez Canal Economic Zone (SCZONE) to develop and manage the KEZAD industrial and logistics zone, located near Port Said. This zone covers approximately 20 square kilometers and is strategically positioned at...
The Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, has officially laid the foundation stone for a $500 million chlor-alkali plant developed by China’s Befar Group. This significant investment marks the establishment of the first green chemical facility in Egypt and worldwide, located in the Sokhna Industrial Zone....