Mr. Waleid Gamal El-Dein, chairman of the Suez Canal Economic Zone SCZONE , signed a memorandum of understanding with the Japanese company “Toyota Tsusho” in the framework of the cooperation between SCZONE and the Japanese investments as SCZONE is one of the main points for the global investments regionally.

The MOU aims joint cooperation between the two sides in several projects that are consistent with SCZONE economic development plan and its targeted industrial sectors.

The MOU targets several projects that include new infrastructure and developments related to decarbonization policies. The projects will include logistics, renewable energy, water support, green and blue hydrogen production, and green and blue ammonia production.

The MoU was signed by Mr. Waleid Gamal El-Dein and Mr. Tokuji Koyama, General Manager of Infrastructure and Energy Projects at Toyota Tsusho Corporation in the presence of the Japanese Ambassador to Cairo, Mr. Oka Hiroshi.

” We have a strong partnership with Toyota, especially since Toyota Tsusho is one of the partners among the consortium of Toyota Tsusho Bollorie NYK, which operates and manages the Suez Canal car handling Station (Ro-Ro berth).” Gamal Eldien said .

“We appreciate this partnership, especially in coinciding with the global shift towards green energy. Our cooperation will be beneficial worldwide as SCZONE qualified to be a global hub for the production of green fuel and ship bunkering. We have a vision that includes supporting the Japanese industries in Egypt and we are looking forward to more constructive and fruitful cooperation.” Mr. Waleid Gamal El-Dein declared.

“We are thankful for the warm reception that we get from SCZONE. It is extremely important to cooperate and create more investment opportunities between Toyota Tsusho and SCZONE. We realize the importance of this partnership, because of the importance of SCZONE’s location and our mutual interest in the blue ammonia projects in coinciding with Egypt’s hosting COP27 next November.” Mr. Tokuji Koyama, General Manager of Projects at Toyota Tsusho, said.