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SCZone, Toyota Tsusho discuss port terminal opening

Businessmen Team news 18 August 2025 06:24 PM
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SCZone, Toyota Tsusho discuss port terminal opening

A delegation from the Suez Canal Economic Zone (SCZONE), led by its chairman Walid Gamal El-Din, is in Tokyo to participate in the ninth Tokyo International Conference on African Development (TICAD 9) summit.

 On the sidelines of the event, the SCZONE delegation met with officials from Toyota Tsusho, a member of the consortium operating the Ro-Ro vehicle terminal at the East Port Said seaport. The consortium also includes France's Bolloré and Japan's NYK.

The meeting focused on the latest developments and the official inauguration date for the terminal, which is built on a total area of 212,000 square meters, with a 600-meter quay and a 170,000-square-meter logistics yard.

Gamal El-Din stressed the importance of completing the terminal on schedule, highlighting its potential to serve the automotive industry, which SCZONE aims to localize as part of its strategic vision. He added that the project will make the SCZONE a regional hub for the automotive and related industries, providing access to various global markets.

For his part, Toyota Tsusho's general manager expressed appreciation for the meeting, emphasizing the company's commitment to the project's timeline and looking forward to its official opening. He noted that the consortium's extensive international experience would support Egypt's economic development, adding that the strategic location of the SCZONE made it an attractive investment.

The Ro-Ro terminal is fully prepared to receive various types of shipping lines specializing in vehicle handling, he said.

The Tokyo International Conference on African Development (TICAD 9) is an open and inclusive forum that brings together African nations and their development partners.

Participants include international and regional organizations, donor countries, Asian nations, the private sector, and civil society groups.

The conference aims to promote cooperation between Asia and Africa, with a focus on African development. It fosters dialogue on economic growth, trade, investment, sustainable development, and governance.

The event seeks to integrate African priorities into the international cooperation agendas of partners and donors, and to mobilize support for development initiatives across the continent.

Since its launch in 1993, TICAD was held every five years until 2013, after which it became a triennial event, alternating between Japan and an African host country. The current edition follows the eighth conference, which was held in Tunis in 2022.