International
20:19 12 April 2021
Post by: WBJ

Katowice SEZ plans to create its zone in Egypt

Katowice SEZ plans to create its zone in Egypt
Source: Photo by AussieActive on Unsplash

The Katowice Special Economic Zone (SEZ) is likely to create and manage an investment zone in Egypt. Details are not known yet, but negotiations are underway, involving the Katowice SEZ, the Ministry of Development, Labor and Technology (MRPiT), and the Egyptian government. If the negotiations are successful, it will be the first time that a Polish economic zone will manage a similar project abroad.

"I am glad that the largest Polish economic zone has received a proposal to establish an industrial park in Egypt," Grzegorz Piechowiak, deputy minister of development, labor and technology, and government plenipotentiary for foreign investments, told the 300gospodarka portal.

As the deputy minister added, discussions are ongoing on the details of the cooperation, but it is already known that the zone is to be built in the vicinity of the Suez Canal, and one of the main locations considered is Ain Sokhna, which is located in the south of the Canal.

Ain Sokhna is located 55 km south of the city of Suez. It is an industrial and logistic hub. In 2019, the Egyptian authorities announced that the construction of a petrochemical complex, one of the largest in the Middle East, had started there. It's worth $1 billion.

(300gospodarka)


egypt
ministry of development labor and technology
katowice sez
grzegorz piechowiak

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