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#egyptian automotive industry

The Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), and the East Port Said Development Company (EPSD) signed an agreement with Volkswagen on 12 November to conduct a feasibility study for the East Port Said Automotive Zone (EPAZ). Under this agreement, Volkswagen will offer technical assistance to the Egyptian parties involved as they work together to create a feasibility study for the EPAZ. EPAZ is a complex that will be established at the industrial zone in East Port…