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Gamea witnesses inking of deal to build Polish economic zone in Egypt
8 June 2021  -  Sector :  -  Entity :  -  Category : Industry News

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The Polish industrial zone will be established in Ain Sokhna, over an area of 400 to 1,000,000 sqm and will specialize in food, electronic, and auto spare part industries.

Cairo- June 8, 2021

Minister of Trade and Industry Nevine Gamea has witnessed the signing of a framework agreement between the Suez Canal Economic Zone (SCZone) and Poland’s Katowice Special Economic Zone, to set up a Polish industrial zone in Ain Sokhna.

The agreement includes the establishment of an economic zone over an area of 400 to 1,000,000 square metres (sqm) specialized in food, electronic and auto spare part industries.

“The Polish industrial zone is a key step towards advancing economic relations between the two countries,” Gamea said, noting that it will be the first industrial zone for an EU country in Egypt.

The project, she added, will open new horizons for more joint trade and investments and help transfer Polish industrial expertise to the local industry, especially  in the fields of :information technology, machinery, equipment, railways, transport and communications.

The agreement was signed by Yahya Zaki, head of the Suez Canal Economic Zone, and Janusz Michalek, President of the Katowice Special Economic Zone, in the presence of Polish Deputy Foreign Minister Paweł Jabłoński, Secretary of State for Economic Development Grzegorz Piechowiak and Polish Ambassador in Cairo Michał Łabenda.

According to official figures, Egypt-Poland trade doubled to about $672 million in 2019.

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