Egypt's Suez Canal Economic Zone (SCZone) is looking into establishing a plant for railway industries in cooperation with Sovereign Wealth Fund (THARAA) and the private sector, Chairman Yehia Zaki said. He added that the project will be built at the industrial zone in East Portsaid. The East Port Said Port and Industrial Development Complex will be Egypt's foremost transhipment hub and trade-oriented gateway. East Port Said Port has a distinguished location east of the Northern entrance of the Suez Canal, at the confluence of three continents, and at the crossroad of the most important world sea trade route between the East and the west. The port is bordered from the North by the Mediterranean Sea, from South by the industrial zone, from East by El-Malaha Lake, and from the Western verge of Suez Canal inside the frontiers of Port Said Province.