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Reading: SCZone signs MoU with Japan’s Toyota Tsusho for infrastructure projects
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Dailynewsegypt > Blog > Business > SCZone signs MoU with Japan’s Toyota Tsusho for infrastructure projects
Business

SCZone signs MoU with Japan’s Toyota Tsusho for infrastructure projects

Daily News Egypt
Last updated: 2022/08/18 at 7:34 AM
By Daily News Egypt 2 Min Read
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SCZone signs MoU with Japan’s Toyota Tsusho for infrastructure projects
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Waleid Gamal El-Dein, the chairperson of the Suez Canal Economic Zone (SCZone), has signed a memorandum of understanding with the Japanese company Toyota Tsusho in the framework of the cooperation between the two parties.

The MoU targets several projects that include new infrastructure and developments related to decarbonisation 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 Gamal El-Dein and Tokuji Koyama, the General Manager of Infrastructure and Energy Projects at Toyota Tsusho, in the presence of Japanese Ambassador to Cairo, 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 El-Dien said .

“We appreciate this partnership, especially in coinciding with the global shift towards green energy. Our cooperation will be beneficial worldwide as SCZone qualifies 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,” he added.

Tokuji Koyama said: “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 coinciding with Egypt’s hosting COP27 next November.”

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TAGGED: SCZone, Toyota Tsusho
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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