Egypt signs agreement to establish new Polish industrial zone in Ain Sokhna

Egypt signs agreement to establish new Polish industrial zone in Ain Sokhna

CAIRO - 9 June 2021: The Suez Canal Economic Zone has signed a framework agreement with its Polish counterpart, the Katowice Zone, to establish a Polish industrial zone in Ain Sokhna, in the economic zone. The signing of the agreement aims to establish a Polish economic zone in Ain Sokhna, with an area of “‹“‹400,000 to 1 million square meters, targeting food industries, electronic industries and auto spare parts. A Polish delegation comprising 18 companies is visiting Egypt to inspect the industrial zone in Ain Sokhna and see what suits them of industries targeted to be established in the Polish area in Sokhna. The Minister of Trade and Industry, Nevein Gamea, said that the project of the Polish industrial zone in Egypt will become the first industrial zone for a country from the European Union in Egypt, as it will contribute to opening new horizons for inter-trade and joint investments between the two countries and the transfer of large Polish industrial expertise to the national industry in the of information technology, machinery and equipment, railways, transportation and communications. "It is an important step to support and develop the economic relations between Egypt and Poland to distinct levels that reflect the