Golden Triangle, Elsewedy partner on Safaga industrial, logistics zone

Egypt awards first project in 'golden triangle'

Egypt has awarded the first project in its mineral-rich “golden triangle” area, home to nearly half the North African country’s gold deposits. The General Authority for the Golden Triangle Economic Zone signed a contract on Thursday with Elsewedy Industrial Development Company to develop an industrial and logistics zone spanning nearly 6 million square metres at the Red Sea port of Safaga. Elsewedy will develop the zone in three phases under a m…

Golden Triangle, Elsewedy partner on Safaga industrial, logistics zone

Chairman of the General Authority for the Golden Triangle Economic Zone Mohamed Abady attended on Thursday the signing ceremony of the authority’s first industrial development agreement, with Elsewedy Industrial Development Company. The deal aims to develop an integrated industrial and logistics zone covering six million square metres in Safaga. Authority Vice Chairman Mohamed Ibrahim signed the agreement with CEO of Elsewedy Industrial Developm…