Dr. Mustafa Badera, an economic analyst, stated that the inauguration of several maritime terminals in the Suez Canal Economic Zone at East Port Said Port reaffirms the presidential vision initiated in 2014. He explained that expanding port capacity leads to industrial localization and boosts trade volumes. n nDuring a phone interview on the program “Extra Al-Youm” broadcast on Extra News, he noted that the expansion across more than 14 ports along the Suez Canal supports international trade between Egypt and global markets. It also meets investor demands regarding cargo handling, and these upgrades are expected to yield measurable economic benefits within the next five years. n nBadera referenced statements by Waleed Gamal, head of the Suez Canal Economic Zone Authority, who highlighted that development in the zone has drawn multi-billion-dollar investments due to improved logistics services for major global shipping lines since 2014. Key initiatives include the 2015 expansion of the Suez Canal’s navigational channel and reforms to Egypt’s legal and regulatory framework. n nHe emphasized that special attention has been given to East Port Said to enhance service delivery and promote localized industrial projects. Such localization fosters integrated ventures requiring various support services and skilled labor. n nThe integration between these terminals and the Suez Canal industrial zone supports specialized operations such as automotive transshipment—switching shipping lines between manufacturers and distributors to reduce costs. This model is widely adopted internationally, with China being a leading example. n nIt is worth noting that President Abdel Fattah El-Sisi attended the inauguration of several maritime terminals in the Suez Canal Economic Zone at East Port Said Port earlier this week. n— news from (بوابة الشروق)n
— News Original —nThe Economic Expert Mustafa Badera: The Added Value of Developing the Port Network Will Become Apparent Within 5 Yearsn nSaid Dr. Mustafa Badera, economic expert, that the opening of several maritime stations in the Suez Canal Economic Zone at East Port Said Port confirmed the presidential vision established since 2014, explaining that increasing port area leads to industrial localization and higher trade rates. n nHe added in a phone interview on the program “Extra Al-Youm” broadcast via “Extra News” channel that expanding more than 14 ports along the canal serves international trade between Egypt and countries worldwide and meets investor demands regarding cargo handling methods, confirming that these developments carry added economic value that will become evident in the next five years. n nHe referred to statements by Waleed Gamal, head of the General Authority for the Suez Canal Economic Zone, who affirmed that developing the Suez Canal Economic Zone attracts billions in investments due to improved logistics services offered to some global shipping lines since 2014, the expansion of the Suez Canal’s waterway in 2015, and the organization of Egypt’s legislative and legal environment. n nHe continued that the state focused on East Port Said to improve services in Sinai and increase localization of projects there, adding that localization aims to establish integrated projects requiring various services and workforce. n nHe pointed out the integration between these terminals and the Suez Canal industrial zone, supporting projects such as automotive transshipment terminals—switching shipping lines between producer and distributor to save costs—adding that many countries worldwide follow this approach, led by China. n nIt is noteworthy that President Abdel Fattah El-Sisi witnessed, on Sunday, the inauguration of several maritime terminals in the Suez Canal Economic Zone at East Port Said Port.