General Idea about SEZONE

• On February 4, 2003, a Presidential Decree was issued for the formal
  establishment of SEZONE, the first economic zone in Egypt, under Law 83 / 2003. The total area of the zone encompasses 90km2 (phase 1). The zone is situated adjacent to the Port of Sokhna, about 45km southeast of Suez City and 110km east of Cairo.
• The Authority shall aim at attracting investments to create industrial and service projects capable of competing with its counterparts overseas by unifying the administrative powers and performing its tasks according to the highest international standards. The Authority shall provide services and utilities pursuant to the most sophisticated technical specifications and standards. It shall also apply those systems, privileges and exemptions capable of boosting investment and development capacities in all economic and social fields. The Authority shall provide trained personnel and the most suitable business environment for attracting investments.
• The Authority shall establish the Main Development Company to manage, develop and promote the zone as well as construct the Investor Services Building (One Stop Shop) funded through a Chinese Government grant. It will include SEZONE offices, a commercial and service center as well as a common facilities center.
• The Government of Egypt demonstrated its commitment by establishing the Sokhna Port, providing infrastructure and utilities (water, electricity, natural gas networks etc.) to the boundaries of the zone, as well as roadways, communication networks and the Cairo / Ain El Sokhna highway. All this was completed to facilitate the attraction of foreign investors and increase competitiveness on both the national and global level and access MENA and global markets.
• The SEZONE’s activities commenced post the Presidential Decree, No. 91, dated 27 March 2003, by appointing Eng. Moustafa Sharaawi as President of the zone.
• SEZONE Authority consulted with an Irish consulting firm, Ireland Development International (IDI), to prepare the master plan for developing the southern and northern phases.
• Presently, SEZONE has recruited highly qualified staff in its key positions along with consultants in engineering, investor relations, marketing, information technology, finance and administrative fields.

URL:www.sezone-egypt.com