• Let's just do it ... GET READY !

    2 – 5 October 2015
    at Technology Innovation and Entrepreneurship Center (TIEC)

    Hack for Suez Canal
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    Egypt Boosts the World Economy

    Celebrate with Us
    2 – 5 October 2015
    At Technology Innovation and Entrepreneurship Center

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    The first Smart Port Hackathon in the Middle East
    in Collaboration with AASMT

Smart Suez Canal Hackathon
Introduction

The Smart Suez Canal Hackathon is the first hackathon in Egypt that considers innovation in turning our new canal into a smart one. As estimated the number of vessels expected to pass on daily basis in the new canal is up to 97 vessels, various challenges will emerge such as logistics optimization, security, energy consumption, support services, etc. Massive opportunities for the young leaders and creative startups to have a major role in this hackathon.

TIEC stands up and be accounted for having inputs in this mega project by calling the finest to derive the best ideas and concept and connecting industry with startups to have global products in the domain of challenges.

The process of hackathon starts by presenting challenges by the Arab Academy of Science, Technology and Maritime Transport. Followed by the ideation where challenges are translated into ideas. Finally the Hackathon, ideas will be translated into prototypes. The objective of this hackathon is to tackling logistics problems of the new Suez Canal and coming up with innovative solutions for smart ports.

We are expecting:
Students
Developers
MBA / PHD holders
Business Background people
Entrepreneurs


To participate to create teams from different backgrounds and disciplines to solve the challenges and come up with prototypes.

In the registration form, you will find a qualifying question asking about your thoughts on how technology can enable the development of the Suez Canal into a smart port. Based on your creative answer you will be selected.
Only 60 will be selected to join the hackathon.




Organizer






The Technology Innovation and Entrepreneurship Center (TIEC) aims to drive innovation and entrepreneurship in ICT for the benefit of national economy.
It is done with a vision to become the Leading Regional Hub and world class center for ICT based innovations and entrepreneurship.
Our Mission is to stimulate an innovation-based economy through strategizing, facilitating, and promoting innovation, entrepreneurship, and the creation of intellectual property in ICT and its applications .

Partner






The Arab Academy for Science, Technology and Maritime Transport (AASTMT) is a regional institute for maritime transport started as a notion in the Arab League Transport Committee’s meetings on 11th of March, 1970.
This notion came after the Arab League’s Council issued, in its fifty third session, decree no. 2631/1970 stipulating the endorsement of founding a regional center for maritime transport training.
The decree commissioned the Arab Republic of Egypt, on behalf of all the Arab countries, to ask for a technical aid from the United Nations'' organizations specialized in the field of maritime transport.



Event Agenda

Understanding Challneges
2/10/2015
09 AM to 9:45 AM Registration
9:45 AM to 10 AM Opening remarks Dr. Hossam Osman VP Innovation ITIDA
10 AM to 12 PM Challenges Sessions part 1
PROF. DR. MOHAMED ALI IBRAHIM | Head of the Academy branch in Port Said and Dean of International Transport and logistics Institute
Eng Mohamed Shihab | Managing Director of Maersk Egypt
DR. ISLAM EL-NAKIB | Dean of International Transport and Logistics in Alexandria
12 PM to 01 PM Jumu'ah Break
01 PM to 02:30 PM Ideation Overview
02:30 PM to 03:30 PM Challenges Sessions part 2
MR. MOHAMED LARBI SOBHY | Ex-Owner's representative North Africa Chez | CMA CGM
DHL - Country Manager (to be confirmed)
03:30 PM to 04:15 PM Lunch Break
4:15 PM to 05 PM Building the Challenges Map
05 PM to 06:30 Team Formation
Generating Ideas
3/10/2015
09 AM to 06 PM Brain storming + Ideas Generation
Implementation
4/10/2015
09 AM to 09 PM Hacking
Pitching
5/10/2015
09 AM to 03 PM End of Hacking
03 PM to 04 PM Selection of Winner Teams
PROF. DR. MOHAMED ALI IBRAHIM | Head of the Academy branch in Port Said and Dean of International Transport and logistics Institute
DR. ISLAM EL-NAKIB | Dean of International Transport and Logistics in Alexandria
MR. MOHAMED LARBI SOBHY | Ex-Owner's representative North Africa Chez | CMA CGM
MR. Walaa Wael Abbas | Suez Canal Authority Guide & International Arbitration Consultant
Mr. Mohamed El-Sayed | Supply Chain Director | KAPCI Coatings
Mr. Abdel Aal Aly | Managing Director | Afifi World Transport
Mr. Hany Saad | Board Member | Maesrk Shipping
Mr. Mohamed Fayez | Associate Director Supply Chain | Juhauyna
04 PM to 05 PM Closing Cermony:
1. Short Video about the competition
2. Speeches
3. Delivering prizes




Event prizes

2

6000 L.E.

for the Second Winner

1

10000 L.E.

for the First Winner

3

4000 L.E.

for the Third Winner

Egypt is the Future Boosting the World Economy

Through the New Suez Canal

Professors will shed the light on the possible solutions to let participants have thoughts on the potential ideas.
Datasets will be uploaded shortly.

Speakers

Marcus Doe
Elena Taylor
Cris Nilson
Marcus Doe

Jury Panel

Marcus Doe
Elena Taylor
Cris Nilson
Marcus Doe
Elena Taylor
Marcus Doe
Elena Taylor

Mentors

Marcus Doe
Marcus Doe
Elena Taylor
Cris Nilson
Marcus Doe
Elena Taylor
Cris Nilson
Marcus Doe
Elena Taylor
Cris Nilson
Marcus Doe

Watch the event live

Photos of previous Ideations and Hackathons

Bridging the Possibilities

Info About New Suez Canal

The New Suez Canal is the name of a waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. It was launched simultaneously with plans to build six new tunnels under the canal and to transform a 76,000 km2 area on both banks of the canal into an international logistics, commercial and industrial hub that would "create one million jobs".

Why to choose us

The Suez Canal is the shortest shipping route between Europe and Asia, as it acts as an alternative to Cape of Good Hope route. The new works increase trade alongside the canal. The enlarged canal will allow ships to sail in both directions at the same time over much of the canal's length. This is expected to decrease waiting hours from 11 to 3 hours for most ships.and to double the capacity of the Suez Canal from 49 to 97 ships a day.

The New Suez Canal works are expected to be 72 km (45 mi) long – this will involve 35 km (22 mi) of dry digging, and 37 km (23 mi) of "expansion and deep digging", whereas the whole canal is 164 kilometres (102 mi) long. Six new tunnels for cars and trains are also planned to end the isolation of the Sinai peninsula, connecting it better to the Egyptian heartland. As of 2015, there was only a single tunnel under the Canal, the Ahmed Hamdi Tunnel that connects Suez with the Sinai.

The construction of the new canal itself was initially scheduled to take five years. It was then first reduced to three years and finally ordered by President Abdel Fattah el-Sisi to be completed in one year only.

The chairman of the Suez Canal Authority, Vice-Admiral Mohab Mamish, announced that the revenues from the Suez Canal would jump from 5 billion dollars to 12.5 billion dollars annually.
There are major risks to the economic viability of large-scale infrastructure projects such as the New Suez Canal.

These include delays during construction, cost overruns, and lower than expected revenues. Due to hasty planning, technical difficulties initially arose, such as the flooding of the new canal through seepage from the existing canal. Another potential issue is that the official estimate of traffic doubling in the first year of the canal's operation is somewhat exaggerated, according to the Egyptian trade expert Dr. Omar el-Shenety.
Higher traffic projections could be affected by a slump in global trade or by increased fees.

The expansion of the canal and the tunnels are expected to cost around 60 billion Egyptian pounds (US$8.4 billion). 30 billion Egyptian pounds will be for digging the new canal and the other 30 billion will be for the 6 new tunnels. President el-Sisi refused to allow foreign investors to invest in the project, but rather he urged Egyptians to participate in funding the project. Initially, the project was to be financed through a stock market IPO, allowing partial private ownership of the project. However, the government quickly changed its financing strategy, relying on interest-bearing investment certificates that do not confer any ownership rights to investors.

Resident Egyptian citizens were asked to buy certificates worth 10, 100 or 1000 Egyptian pounds. The smallest investment certificates would allow students to invest in the project. According to a law signed by President el-Sisi on September 1, the four banks of Banque Misr, National Bank of Egypt, Banque du Caire and the Suez Canal Bank sold the 5-year non-transferable certificates issued by the Suez Canal Authority with a 12 percent interest, about 1.5 percent higher than similar certificates issued by Egyptian banks. Interest on the 1000-pound certificates, which account for the bulk of sales revenues, will be paid quarterly.

Interest on smaller denominations will be paid out after five years. Investors are allowed to borrow from the banks up to 90 percent of the funds needed to buy the certificates, which was done to the tune of 4 billion pounds, or about 6 percent of the total. 82 percent of the certificates were sold to individuals. Interest from the certificates is not taxable.
To the surprise of Central Bank Governor Hisham Ramez, investment certificates were sold within only eight working days and the Central Bank stopped issuing new certificates afterwards.
The project will reduce the availability of government revenues for other expenditures, as the Ministry of Finance guarantees the certificates and sets aside funds in a special account at the Central Bank to pay quarterly interest of 1.9 billion pounds.
After President el-Sisi announced the project, Egypt's stocks briefly rose to the highest level in the past six years, but dropped again sharply in the course of September

On 19 August 2014, 42 companies were selected to work on the canal "under the supervision of the Egyptian armed forces". In October 2014 Egypt signed contracts with six international dredging firms: the National Marine Dredging Company of the United Arab Emirates; Royal Boskalis Westminster and Van Oord, both based in the Netherlands; Jan de Nul Group and Deme Group, both of Belgium; and U.S.-based Great Lakes Dredge and Dock Company. The companies would work in five zones while engineers from the Egyptian Army work in a sixth zone.

In October 2014 state-owned The Arab Contractos and the private Orascom Construction Industries (OCI) were selected to build four tunnels, two for cars and two for railways. In November 2014 the Armed Forces announced that alongside the above contracts, the German firm Herrenknecht was selected to provide drilling equipment to build the tunnels.

On 19 August 2014, a Master Plan for the study of investment opportunities in the Suez Canal area was awarded after competitive bidding to the engineering firm Dar Al-Handasah in cooperation with the Armed Forces Engineering Authority.[20] It is expected to last six months, resulting in an investor's conference in March 2015. Additionally, the French engineering services company Egis Group was nominated by the World Bank to evaluate the performance of the master plan.

During a state visit to Russia, President Abdel Fattah el Sisi said that he had agreed with his Russian counterpart President Vladimir Putin to establish a Russian industrial zone as part of the new project.

Videos

Some facts about New Suez Canal

$1.25m Cost of large ship passing both
ways through canal
$4bn Cost of drilling
new channel
$5bn Egypt's current annual revenues
from suez canal
$13.5bn Projected revenues
by 2023