> Suez Industrial Development Company (SIDC): Geographical Position Near Vital Ports in Most Important Economic Zone is Just One of The Advantages of Best Industrial Park Operator - 2019 Award Winner
A
professionally managed industrial park that won the CFI.co Industrial Park Awards 2019 - Best Industrial Park Operator - MENA 2019 award.
Suez Industrial Development Company (SIDC) is a pioneer in the Egyptian private sector, managing industrial parks in the country since 1998. SIDC owns, develops, operates and maintains nine million square meters of industrial lands located in the Special Economic Zone at Ain Sokhna, north-west Gulf of Suez, in front of Sokhna DP world Port. SIDC provides a wide range of industrial lands starting from small lands of areas 450 SQM to large areas above 500,000 SQM for all industrial activities. In addition to an impressive Plug & Play Project of a “Readymade Factories” which occupying an area of 250,000 SQM in SIDC Industrial park including 281 Factories as the first Industrial Project specialised in small & medium enterprises (SMEs) in Egypt complies with the international standards of industrial parks. All Factories are equipped with full facilities & infrastructure services that fits a wide range of small and medium projects for SME’s and Entrepreneurs, with a significant planning to attract more companies to the industrial park. Through a worldwide network, SIDC developed a vision to become the leading private industrial parks owner and operator in North Africa and the Red Sea regions. SIDC does not only provide state-of-the-art infrastructure and quality services but also offers all required investment supports: 106
technical, environmental, administrative, financial and legal services. SIDC has completed the flood protection works, roads network, sewage stations, electricity distribution network of medium voltage (including distribution and cable tunnel), Gas Pipeline, a water desalination plant, receiving sewage and industrial treated discharge. There is complete security for the whole park including surveillance cameras, fiber network, telephone and internet service. SIDC provide all the ingredients of success that revolve around location, infrastructure services and management capabilities. Egypt is at the nexus of Africa and Asia, and SIDC’s location in the Suez Canal region gave it the privilege of being in the path of the Silk Road that connects West with East. The First Industrial Park owned by SIDC is located in the Suez Canal Special Economic Zone (SCZone) in Ain Sokhna, just in front of the Sokhna DP World Port. It is at the intersection of Cairo-Sokhna and Suez-Zaafarana highways. It is 140 km from Cairo Airport. Saudi Arabia is 500 km away, Libya a little over 800 km and Sudan 1200 km. Egypt is vast market, with a population of more than 99 million people, and boasts excellent safety conditions (16th of 135 countries in global security ranking). Egypt’s strategic location in North Africa and closeness to the Arab Peninsula make it a transcontinental nation with one of the largest and most diversified economies in the Middle East. Egypt’s GDP is expected to grow 5.5 percent in the 2018-2019 fiscal year, driven CFI.co | Capital Finance International
mainly by a recovery in tourism and rising natural gas output. SIDC has sold about 80 percent of its land, and is seeking to expand. It has about 29% of market share in Egypt during 20 years of operation. Land is offered at prices around $104 per square metre, or rented at $2 per month per square metre. The SIDC ready-made factories can be rented at $5 per month per square metre. In the SIDC Park and SCZone, investors will be exempt from customs duty on all capital imported equipment. Raw material imported then valueadded can be exported from Egypt in accordance to Law No. 83/2002. Investment incentives by Egyptian Government include a deduction of up to 50 percent of capital investment from taxable income according to Investment Law No. 72/2017. In SCZone there are six ports and five airports, connected by excellent road networks. The new Alamein-Sokhna high-speed train connects Sokhna with the New Capital, 6 October, Alexandria and New Alamein (cargo and passengers). There is an in-house security team as well as an outsourced security firm that guarantees the full safety of the park. SIDC has gained the trust of over 65 major companies in several industrial fields, including petrochemical, fertilizer, iron, steel and building materials, pharmaceutical and food industries as well as eco-friendly industries such as recycling industries. i