The Suez Canal Regional Development Project<\/p>\n
James Cubitt Consortium (ECG Member) shortlisted among 14 consortia to submit their technical and financial offers.<\/p>\n
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In escort of the skyrocketing growth in the world trade, Egypt's mandate to take advantage of the Suez Canal Corridor asset has never been stronger. The Government of Egypt intends to transform it into an economic international hub that will contribute to long-term development socio-economic and strategic objectives including: increase export, provide international maritime services, logistics, industrial, and urban development, diversify and expand existing activities in the region, ensure long-term economic growth by integrating such activities and attracting foreign investment, create jobs, investment opportunities and promote efficiency of the Egyptian labor, increase volumes of cargo transport and the revenues of Suez Canal, increase the share of multimodal operations, magnify the role of the multimodal transportation, providing strategic depth in Sinai through development.<\/p>\n
In this ambitious endeavor, the Egyptian Ministry of Urban Housing and Development initiated in May 2013 a tender action process for preparation of the Regional Development Plan for the Suez Canal Corridor.<\/p>\n
At the outset of this process, the Ministry invited thirty-six (36) international firms and forty-three (43) Egyptian firms to submit their Expressions of Interest (EOI) for the Regional Development Plan for the Suez Canal Corridor and the Master Plans for Specific Development Areas.<\/p>\n
The Ministry encouraged the invited firms to form consortiums (International and Egyptian firms). EOIs were submitted to the Ministry on the 16th of June, 2013.<\/p>\n
In the third quarter of 2013, the project was transferred to the Suez Canal Authority (SCA) and renowned as "The Suez Canal Regional Development Project"<\/strong>.<\/p>\n