Cairo – Egypt: IACC Holding has signed an agreement with Suez Canal Authority (SCA) to establish a strategic logistics park in Suez.

The logistics area is located next to several seaports and industrial areas in Suez and with close proximity to raods connecting Cairo and other industrial areas, the company said in an official statement.

The agreement covers setting up new container storage warehouses on an area of more than 36,000 square metres, IACC added.

Under the agreement, two vacant land plots owned by SCA were licensed, situated in the Ataqa quarries area in front of Adabiya Port.