12
Oct
2021

Suez Canal Economic Zone: from a transit area to an innovation hub in Egypt

The 5th Policy Lab on the Egyptian Suez Canal Economic Zone will take place on the 12th of October at 11.30 am CEST. Check your time zone at this link.

Through the event, organized by INSME in the framework of THE NEXT SOCIETY project, you will discover:

  • how the economic zone has transformed the region from a mere transit area into a proper development hub
  • its impact on the Egyptian entrepreneurial ecosystem and the favourable conditions offered to innovative businesses

Here is the full concept note of the event, which foresees the participation of:
 
- Giovanni Zazzerini, Secretay General, INSME, Italy
- Waleid Gamal Eldien, CEO, SCZone, Egypt
- Alessandro Panaro, Head of Maritime & Energy, SRM, Italy
- Akram Soliman El Selmy, Professor of costal Engineering & port Planning, Arab Academy for Science Technology and Maritime Transport, Egypt
 
We look forward to your participation!
 
REGISTER HERE

When
12.10.2021 11:30
12.10.2021 11:30

Organizing Entities

INSME

The Suez Canal. Evolution of traffic and current trend in ship movement during the Covid-19 pandemic, competitiveness indicators and the role of industrial and infrastructural development projects

This is the third Report produced by Alexbank and SRM to monitor the dynamics of the Suez Canal, one of the most important maritime and logistical nodes in the world. SRM and Alexbank intended to analyse, in particular, the impact that the severe Covid-19 pandemic has had and is having on maritime and global trades as well as the way these have affected the dynamics of the Canal. It is clear that Suez has shown remarkable resilience to the effects of the pandemic, exceeding 1 billion tonnes of cargo in 2020 and with 18,829 ships transited. Even in difficult economic times, it has remained a strategic hub for traffic in the Mediterranean, still accounting for 12% of world traffic (7-8% of oil traffic). The Canal is important for the Egyptian economy and it is equally important for Italian ports, especially Genoa, La Spezia, Trieste and Gioia Tauro, as a key point along the main sea route for trade between Italy and Asia. In March 2021, the case of the Ever Given, a megaship of over 20,000 TEUs which ran aground in the Suez Canal blocking passage for several days, clearly demonstrated that the dynamics of international maritime trade are highly dependent on this strategic crossroads.

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