Sign in
Agility subsidiary to boost digitalization at SCZone: The European Bank for Reconstruction and Development (EBRD) has chosen Kuwait-based Agility’s automation solutions subsidiary Transfora to develop a digital operations platform for Egypt’s Suez Canal Economic Zone (SCZone), according to a statement. The EBRD is funding the project, which looks to boost the zone’s digital capacity and network to improve trade flows.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
How will it help? Transfora’s comprehensive enterprise management platform will enable the SCZone to handle inquiries from potential investors and manage essential investor documentation, the statement says.
More details: Transfora will facilitate report generation and analytics, as well as oversee the implementation of more than 60 e-services available at the SCZone’s one-stop shop for both new and current investors. Agility Economic Zones will link SCZone authorities, customs officials, and regulators with investors, carriers, logistics providers, shippers, and businesses involved in manufacturing, assembly, and processing within the zone.
What they said: The project represents “a key milestone in enhancing the investment climate and competitiveness of both the Zone and Egypt leading to attracting high-quality foreign direct investment and job creation,” EBRD Director of Egypt Khalid Hamza said in the statement.
IN OTHER SCZONE UPDATES-
Brazilian investors eye setting up SCZone logistics zone: Seven Brazilian investors are currently conducting studies to establish a logistics zone in the Suez Canal Economic Zone (SCZone), Chief Director of the Arab-Brazilian Chamber of Commerce in Cairo Michael Gamal told Al Borsa.The zone would act as a hub to import corn, soybeans, sugar, and other products that would then be re-exported to other Arab and African nations. More details should be unveiled at some point in 2025, he added.
Remember: Brazil has been showing interest in investing in logistics and green energy projects in the SCzone for some time — the country has stepped up its interest in the region in general over the last year, exporting more beef and chicken to Egypt and upping its business with Saudi Arabia.
