The General Authority for Suez Canal Economic Zone (SCZone) has signed a framework business agreement with Suez Canal Container Terminal Company (SCCT) to apply a number of new incentives related to the company’s activity in the East Port Said Port, SCZone stated on March 28th.

The agreement was signed by Chairman of the SCZone Waleid Gamal El Dein and Chairman of SCCT Steven Yoogalingam.

This comes as part of SCZone’s strategy that targets attracting more investments in the port and stimulating the trade movement.

Gamal El Dein indicated that the authority seeks to provide several incentives that include reducing East Port Said Port’s berthing and pilotage fees imposed on all container ships according to the total tonnage of each ship and the number of containers.

For his part, Yoogalingam said that this agreement achieves both sides’ common interest taking into account the global economic challenges.

It is worth noting that East Port Said Port received approximately 1,524 vessels in 2022.


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