ThPA S.A. and the Suez Canal Economic Zone (SCZone) signed a Cooperation Agreement with the aim to develop international trade and increase their business activities by promoting the sea route between Europe and Asia via the Suez Canal and the Port of Thessaloniki.

The main objective of this cooperation is the exchange of knowledge and professional experience between Port Said Ports and Port of Thessaloniki and the development of joint initiatives focusing on commercial and educational actions that will enhance cargo and passenger flows between Egypt and Greece, such as the establishment of a maritime line for perishable goods and bulk cargo and the development of cruise business.

The Cooperation Agreement was signed in an online ceremony in the presence of the Minister of Maritime Affairs and Insular Policy, Mr. Giannis Plakiotakis, the Secretary General of Ports, Ports Policy and Maritime Investments, Mr. Evangelos Kyriazopoulos, the Chairman of SCZone, Eng. Yehia Zaki, the General Manager of Port Said East Port, Captain Aly Assem M. Ibrahim, the Executive Chairman of the BoD of ThPA S.A., Mr. Athanasios Liagkos, the Managing Director – CEO of ThPA S.A., Mr. Franco Nicola Cupolo, the Chief Investment Officer of ThPA S.A., Mr. Artur Davidian, the Chief Commercial Officer of ThPA S.A., Mr. Ioannis Fetanis and other Executives of both parties.

The Minister of Maritime Affairs and Insular Policy, Mr. Giannis Plakiotakis stated: “This agreement creates additional opportunities for further development of the maritime trade between Europe and Asia, which are greatly enhanced by the strategic location of the two parties. We are particularly satisfied that the Port of Thessaloniki provides an evolving, efficient and reliable intermodal network, which secures and upgrades the supply chain, offering added value at an economic and social level”.

The Chairman of SCZone, Eng. Yehia Zaki, highlighted: “This cooperation is motivated by a mutual interest for the development of important trade flows, as well as logistics and port interfaces such as those represented by SCZone and ThPA S.A. and will result in increased traffic for the ports of SCZone. With four industrial areas and six ports, the SCZone is located at the crossroads between Africa, Europe and Asia, and occupies 461 km² along the banks of the newly expanded Suez Canal, strategically located on the main trade route between Europe and Asia, playing a key role in world trade”.

The Executive Chairman of the BoD of ThPA S.A., Mr. Athanasios Liagkos, said: “The signing of the cooperation agreement with SCZone is part of our strategy to propel the regional supply chain to a new era by providing connectivity that facilitates business growth, fostering economic and social added value and respecting the mandate for a “green” future for our planet and the younger generations. We aspire, to more than a port, to be the multi-gateway intermodal network and logistics solutions provider for the Balkans and the broader Southeast, Central and Eastern European region”.