Eng. Khaled Abbas, Chairman and Managing Director of ACUD, signed a Memorandum of Understanding with Avnash Iyer, Country Head of DP World Egypt, to explore the development of a new general free zone within ACUD’s designated lands.
The agreement was formalized during a ceremony at the New Administrative Capital’s government headquarters, attended by Prime Minister H.E. Dr. Mostafa Madbouly and Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Lt. Gen. Kamel El-Wazir. This zone is poised to become a major construction and manufacturing hub, with plans to establish factories for electronics, automotive production, FMCG goods, as well as textiles, footwear, and apparel across approximately 500 acres within ACUD’s allocated lands. Positioned strategically along the Cairo-Ain Sokhna road, the site features a prime 1,958-acre industrial infrastructure area that will serve as a cornerstone for ACUD’s vision of creating an advanced industrial ecosystem.
This MoU supports ACUD’s strategy to promote diversified land use, advance fourth-generation industrial zones, and provide essential infrastructure to fuel Egypt’s growing construction and manufacturing sectors. Technical and economic studies will soon be underway, setting the stage for final contracts and the official launch of the free zone.
