DP World and the Suez Canal Economic Zone Authority (SCZone) have agreed to develop an integrated industrial and residential zone in Sokhna, Egypt.
SCZone will have a 51% share in the joint venture, with DP World holding the remaining stake and also managing the zone.
The zone is projected to start in the first quarter of 2018, and will feature free zones, ports and logistic hubs in an effort to lure in foreign investment.
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