Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Healthcare city contract worth €4bn at SCZone to be signed next month
25.6m sqm total contracts at Ain Sokhna, price of square metre of land ranges between $1 to $3, says Darwish
Published in Daily News Egypt on 23 - 01 - 2017

Ahmed Darwish, chairperson of the General Authority for the Suez Canal Economic Zone (SCZone), said that the authority intends to sign a contract to establish the first healthcare city with an English-Spanish alliance next month, with investments worth €4bn.
Darwish explained that the authority is currently revising the legal provisions of the contract in preparation for its signing. Some observations on the contracts were amended and sent to the English-Spanish alliance.
He added that the city is located on an area of 4m sqm. The authority agreed to the English-Spanish alliance after competing with an Emirati alliance.
The authority also intends to allocate 4m sqm of land to one of the industrial development companies next month.
Darwish said that the authority has received investment applications from industrial development companies to develop 22m sqm in the coming period.
He added that the authority is looking for investors whose expansion plans align with the vision of the authority in the long-term.
He continued that the authority conducted settlements with a group of investors on lands in the northwest of Suez worth between EGP 4-5bn.
He pointed out that the authority is negotiating with several international companies, including Toyota Tsusho and MAK, to implement the largest pier in east Port Said area on 5,000 sqm.
He stressed that the work in the city of Ain Sokhna is established according to two axes. The first is to end any problems with investors by having four out of five settlements worth EGP 4bn in the city. The second axis is to attract new investments for the project.
He pointed out that the total contracts for Ain Sokhna amount to 25.6m sqm over 13 months, compared to 2m sqm over 12 years. This is besides the negotiations to attract more foreign developers and investments for the project.
He said that the city of West Qantara includes 197 acres dedicated to small- and medium-sized activities. The authority shall provide the city with the facilities necessary for investors to not carry additional financial burdens.
Darwish explained that all lands within the economic zone project meet all the procedures required to start working on them from all sides, such as the armed forces, which makes the lands viable for investment and development.
He said that the price of a square metre of land in the Suez Canal Economic Zone ranges from $1-3 with a usufruct right for a period of 50 years.


Clic here to read the story from its source.