A delegation from Egypt's Suez Canal Economic Zone, led by Raban Mohamed Ibrahim, Deputy Head of the Zone for the Northern Region, has concluded a promotional tour in Brazil's Parana state. The tour aimed to explore cooperation and investment opportunities with local institutions, companies, and business community. The delegation sought to introduce the competitive advantages and investment opportunities available in the Suez Canal Economic Zone, particularly in logistics distribution centers, grain handling stations, and food industries.
During the tour, Ibrahim met with Felipe Ozarío, Head of Business Development and International Relations at the Paranagua Port Authority, and other port officials. The meeting discussed cooperation avenues and explored integration opportunities between the East Port Said port and Paranagua port, one of Latin America's leading dry bulk ports. The two sides reviewed the port's operations, cargo handling mechanisms, ship traffic, container terminals, and berths.
A preliminary agreement was reached to sign a memorandum of understanding for twinning between East Port Said port and Paranagua port. This would facilitate cooperation in various fields, especially logistics distribution centers, supporting trade between Brazil and regional and international markets through the Suez Canal Economic Zone. The agreement aims to strengthen economic ties between Egypt and Brazil.
The delegation also met with representatives of Cotriguaçu, the company responsible for managing the grain terminal at Paranagua port. The meeting was attended by Luisinia Bozi, Company Director, and Caio Morello, Operations Manager. The Egyptian delegation learned about the logistics distribution center for grains within the port and expressed interest in exploring potential cooperation opportunities with the Suez Canal Economic Zone.
Furthermore, the Suez Canal Economic Zone delegation met with representatives of the Federation of Industries of Parana state (FIEP) and affiliated entities. The meeting was attended by Virgilio Moreira, FIEP President, and other officials. The two sides discussed enhancing economic and investment cooperation in food industries, logistics services, and infrastructure. They also explored logistics connections and supply chain integration to facilitate trade between Egypt, Parana state, and associated markets.
The Egyptian delegation agreed to coordinate a visit to the East Port Said area to explore investment opportunities, particularly in logistics centers. They also discussed leveraging Egypt's free trade agreements to access regional and international markets. The tour was conducted in coordination with the Arab-Brazilian Chamber of Commerce, the Egyptian Embassy in Brazil, and the Egyptian Trade Office in Brazil.
The Suez Canal Economic Zone's promotional tour in Brazil reflects the zone's efforts to boost its presence in growing economies and explore cooperation opportunities with local business communities. The tour covered Parana and Sao Paulo states, aiming to strengthen economic and investment ties between Egypt and Brazil. Key aspects of the tour included exploring logistics and food industry investment opportunities.
Key points
- Suez Canal Economic Zone delegation explores investment opportunities in Brazil's Parana state
- Egypt and Brazil discuss cooperation in logistics distribution centers and food industries
- East Port Said port and Paranagua port agree to sign a memorandum of understanding for twinning
