SCZone Signs Framework Agreement with SCCT to Attract more Shipping Lines to East Port Said

Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) signed a framework business agreement with Steven Yoogalingam, Chairman of the Board of Directors of the Suez Canal Container Terminal Company (SCCT) to implement new incentives related to the activity of SCCT inside East Port Said Port.

This comes within the SCZONE’s strategy to attract more investments in the port and enhance trading processes, which achieves the common interest for both parties.

“SCZONE seeks to provide many incentives, which include reducing port, berthing, and pilotage fees imposed on all container ships according to the total tonnage of the ship and the number of containers. This agreement is part of SCZONE's plan to improve the competitive position of the port through more incentives that maintain its importance for maritime navigation in the world. These incentives come within the framework of the continuous support provided by SCZONE to its partners, especially concerning its affiliated ports. SCZONE is keen to provide an efficient work environment that takes developments in the global economic situation and the global navigation movement into account,” SCZONE Chairman declared.