A Turkish industrial capital in Jarjoub, Egypt, with investments of 7 billion dollars
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Lieutenant General Kamel Al-Wazir, Minister of Transport, witnessed the signing of a memorandum of understanding between the Egyptian Group Company for Multi-Purpose Terminals (EGMPT), the commercial arm of the Ministry of Transport in the field of maritime transport and logistics, the Inventure Alliance, represented by Mr. Karim Nakhleh, Chairman of the Board of Directors, and the Turkish DOGUS Company, represented by Mr. Tolga Akas, the Executive Director of the company, in order to develop The foundation stone for the establishment of a Turkish logistics industrial zone in the economic zone of Jarjoub is within the framework of the plan of the Egyptian government, represented by the Ministry of Transport, to exploit the strategic location of Jarjoub Port to implement several projects through the alliance to design and establish a commercial port, free and logistical zones, and connect them to the railway network, a multi-purpose cargo terminal, a passenger terminal, and a yacht marina, as well as a Turkish industrial capital with investments of
$7 billion.
The memorandum of understanding includes a period of 6 months to conduct studies and begin immediate implementation of the project procedures and obtain the necessary approvals, provided that during this period the alliance conducts feasibility studies for the project in cooperation with the Egyptian group company in order to begin the financing procurement procedures and present them to one of the international institutions to finance the construction phase.
The Turkish industrial capital, Jarjoub, aims to provide more than 20,000 job opportunities and pump more than $7 billion in direct investments in all its stages.
The starting point of the project is the operation of a multi-purpose station (containers, dry bulk, liquid bulk, general goods) and a diverse logistics area immediately after signing the contract, which is planned to be signed before the end of this year to begin operation in early 2026.
The Jargoub area is located in the city of Marsa Matrouh, and it is considered the fourth development pole that Egypt seeks to develop in the western region after the city of El Alamein, the city of Ras El Hekma, and the city of El Dabaa. They are all located on the route of the express train being implemented from the city of Ain Sokhna to the city of Marsa Matrouh within Egypt’s plan to settle 40 million Egyptians on the northwestern coast..over the next four decades.
Last December, the Belgian Demi announced its intention to pump
$26 billion to establish the largest green hydrogen production plant in the world in the Jarjoub region, during the company’s meeting with President Abdel Fattah El-Sisi.
In the meeting of Engineer Ahmed Samir, Minister of Trade and Industry, with the Chinese Deputy Ambassador a few days ago, Samir announced a huge Chinese industrial city whose investments are scheduled to exceed the city of Ras El Hekma, and its details are scheduled to be announced in the coming days.
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