UAE-Egypt Logistics Pact Secures Emirati Presence on Suez, IMEC
Abu Dhabi appears to be outpacing its Gulf counterparts in securing a central position within this West-oriented trade framework.
On 4 May, the Emirati AD Ports Group and Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) signed a 50-year renewable usufruct agreement to develop and operate an industrial and logistics park, named KEZAD East Port Said, near Port Said on the Mediterranean coast. The initial phase, valued at $120 million, is set to commence by the end of 2025 and will cover 2.8 square kilometres. The establishment of the logistics zone marks a pivotal step towards regional integration and re-industrialisation, providing Egypt with a significant economic boost while reinforcing Abu Dhabi’s position as a dominant player in global logistics—particularly as it coincides with Dubai-based DP World’s port agreement in Syria. It also advances the IMEC and Abraham market a step further.
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