Transcript Slide 1
Suez Economic Zone North West Gulf of Suez Egypt An Opportunity for Sustainable Investment Overview • Project Concept • Vision & Value Proposition • Why Sezone ? - SEZone Legal & Institutional Framework - Business Opportunities - Conclusion • SEZone Contacts SEZone Project Concept • SEZone Site: 20.4 Sq Km at North West Gulf of Suez • Legal Framework: Economic Zone of Special Nature Established by Law 83 of 2002 • Governance Model: General Authority for Economic Zone Suez Canal (NWGS) • Development Approach: Attract private sector to lead the zone . SEZone development . Land is allocated for investors on usufruct basis Projected Industry Mix Light Manufacturing Medium Industries Logistics Services Vision & Value Proposition Vision To create a premier international investment destination by setting up a superior business environment to attract investors and meet their highest expectations. Value Proposition Provide investors with a strategic location that offers the competitive production cost and most comprehensive market access programs in the MENA region. Business Opportunity Why SEZone? Institutional Framework Min. of Agriculture Suez Government Min. of Civil Aviation 3 Rep. of Development companies Min. of Trade & Industry 2 Financial Expert BOD Min. of Finance Min. of Housing Legal Expert Min. of Transport Min. of Environment Min. of Electricity Single Regulator SEzone Predictable Business Environment Socio Economic Enabler Predictable Business Environment One Stop Shop Int’l Labor Practices Companies Incorporation Customs Management Activities Licensing Foreign Labor Permits Dispute Resolution Center Tax Management Environmental Protection Socio Economic Enabler Transportation Facilities Training Centers Insurance services Childcare facilities Maintenance Centers Conference Centre Bonded warehouses Banking Facilities On-site Housing Facilities Admin. Facilities Commercial Centre Socio Economic Enabler • Transportation Facilities Potential opportunity for investors to provide transportation facilities to/ from and within the Zone • Maintenance Centers Opportunity to Provide Maintenance service for the Residential/ Industrial facilities and many others • Training & Admin Facilities Providing state of the art Training/Admin facilities for the facilitation of business operations Providing Recruitment Services Socio Economic Enabler • On Site Housing & Commercial Facilities Potential Housing & Commercial Development Opportunities for the private Sector in Multi Million Dollar Projects • On Site Banking Facilities & Insurance services Opportunity for Private banks to offer various financial Services (Cooperate /Personal) , beside providing insurance services • Bonded Warehouses Provides Warehousing Facilities for finished and semi finished products, Supply Chain Management, Cargo and other Logistical Facilities Socio Economic Enabler • Sokhna provides ample leisure opportunities through a number of 5 star resorts and residential complexes nearby. Residential 5 Star resort Incentives & Guarantees “The Zone presents unrivaled incentives & guarantees comparing to the other economic zones in the region” • 10% Corporate tax • 5% Personal income tax • All imports are exempted form duties & taxes • Double Taxation Agreements • Market access to local market and surrounding regions • Upon export to the local market, duties and sales tax are paid on imported components only Superior Location A Globally Unique Location SEZone SEzone A Strategic location on main international ocean trade routes Superior Location Port Said Alexandria Cairo SEZone Suez Governorate • Competitive freight rates • Short transit time to major and regional markets • Strategic global location for Sea/Air cargo operations and JIT business • Ideally located for value added logistics operations - Adjacent to the Port of Sokhna the only privately managed port in Egypt. - Direct access to the Mediterranean & Indian ocean. - Proximity to major Export / Import international markets. - The Draft at the berths extend to 17 meters, offering excellent deep sea facilities for handling bulk cargo. • 120 km south east of Cairo and 45 km south of Suez City