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The Arab-Brazilian Chamber of Commerce has revealed the potential for establishing a logistics and storage zone for grains, sugar, and oils within the Suez Canal Economic Zone (SCZone), backed by investments from Brazilian companies.
Chairman of the General Authority for the Suez Canal Economic Zone, Walid Gamal El-Din, discussed areas of mutual interest with a delegation from the Arab-Brazilian Chamber of Commerce, focusing on cooperation between the region’s ports and Brazil’s Santos and Itaqui ports. El-Din highlighted SCZone’s competitive global advantages and its access to numerous international trade agreements, granting unparalleled market access. He also emphasized recent enhancements to investor services, especially the streamlined one-stop-shop services, which simplify licensing and permit processes across all sectors.
The Chairman of SCZone noted the importance of partnership between the Brazilian business community and the economic zone, particularly as Egypt is now a member of the BRICS group, where Brazil is a prominent member.
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The Arab-Brazilian Chamber delegation reaffirmed its commitment to strengthening economic ties and trade cooperation, specifically in logistics, food sectors, pharmaceuticals, and automotive manufacturing
