North West Suez Special Economic Zone
The North West Suez Special Economic Zone stretches over 20 square kilometers , located directly adjacent to the Sokhna Port (about 45kilometers southeast of Suez City) near the southern entrance of the Suez Canal.
The privately managed Red Sea Port of Sokhna is being hailed by the cargo industry as a quiet revolution in Egyptian logistics. The port will serve more than 20,000 vessels sailing through the Suez Canal each year.
The Sokhna Port is strategically positioned to serve as a trade and logistics hub between the EU, the Far East and West Africa.
Among the most significant industries is that of oil, due to the existence of several huge oil companies. There are 3 industrial parks: the industrial park for heavy and polluting industries, the industrial park in ‘Attaqa, and the industrial park for workshops and light industries. Suez has three general free zones: the general free zone in Port Tawfik, the general free zone in al-Adabiyya port, and the general free zone in ‘Attaqa. The economic zone north-west of Suez has 204 m2, divided into: 5 sectors to large development companies, 12 industrial sectors, in addition to a residential sector.
Incentives and Guarantees
- Include a 5% flat rate on personal income tax
- Integrated custom administration
- Tax administration
- Dispute settlements
- Licensing as well as general investors services for projects incorporated within the zones
- A 10% tax rate on all activities within the SEZ
- Egyptian certificates of origin for SEZ – based exporters, allowing them to make use of
- Egypt's international trade agreements.