The decision came after comprehensive feasibility studies conducted under a specialized committee formed in 2016 to evaluate development scenarios for the Qattara Depression area.
The Suez Canal company will be formed in partnership with a private sector firm operating in general supplies and contracting, and will focus on dredging projects, maritime works, and related supply activities.
These plants are under the management of the New and Renewable Energy Authority as part of the government’s offering program.
The first license was granted to Kingdom Linen Company, under the special free zone system, to establish and operate a linen spinning and textile factory.
During the session, approval was granted for a new initiative under the private free zone system: Alstom Railways Components Manufacturing S.A.E. The project aims to build an industrial complex in the Borg El Arab logistics and industrial zone.
