Gov't okays draft decision to establish private free zone under name "Suez Canal Company for Modern Boats" - Egyptian Gazette

Egyptian Gazette

Gov't okays draft decision to establish private free zone under name "Suez Canal Company for Modern Boats" - Egyptian Gazette

The Cabinet approve during a meeting Thursday headed by Prime Minister Mostafa Madbouly a draft decision to establish a private free zone under the name “Suez Canal Company for Modern Boats,” (S.A.E.). The company is to be set up on an area of ​​51,150 square meters, located in kilometer 8 south of Safaga, next to the South Red Sea Shipyard (SRSS) Company, from the western side to operate in the field of manufacturing and maintenance of yachts a…