Egypt: DP World's local branch launches construction of an $80 million logistics park at the port of Ain Sokhna
Port Infrastructure | Logistics Park | SupplyChain | Transport | Maritime Transport
Par Ibrahima DIALLO
30 November 2023 / 12:12

Egypt is trying to capitalize on its strategic position between Asia, the Middle East and Africa by developing infrastructures to support the large flows of ships transiting through the Suez Canal.

DP World Sokhna, the Egyptian branch of the DP World port group, has launched the construction of an 80 million USD logistics complex in the port of Ain Sokhna. The logistics park will cover an area of 300,000 square meters and will be integrated into DP World's multi-purpose terminal on this platform, for the benefit of various trade and distribution players in the Egyptian and neighboring markets.

The first phase of the project will cost around USD 50 million and should be completed by the end of 2024, according to group officials. The work is part of the investment plan of DP World, which acquired the right to operate the port of Ain Sokhna a few years ago, announcing at the same time that it would inject 520 million USD into the extension of the facilities.

Other major projects include the construction of the 2nd dock, completed over 2 years ago, and a 1.3 km-long quay. According to the company, these works should almost double the platform's capacity to 1.75 million TEUs, making it the only one in the country capable of handling the world's largest container ships.

Ain Sokhna is ideally located not far from the southern entrance to the Suez Canal, at the heart of the very important East-West trade route. This position makes it a key commercial gateway to Egypt.

Agence Ecofin

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