PROJECT UPDATES: Egypt’s SCZONE approves key projects in East Port Said and Sokhna Ports

PROJECT UPDATES: Egypt’s SCZONE approves key projects in East Port Said and Sokhna Ports

The Board of Directors of the Suez Canal Economic Authority (SCZONE) approved projects worth more than $719 million in East Port Said and Sokhna ports in its first meeting for fiscal 2022-23.

East Port Said projects

Logistics Area: Integrated logistics project (a dry bulk station for grain handling and a logistics zone for value-added operations) by the Roots-Rosa Greens consortium.

Phase 1 of the project, spread over an area of 400,000 square meters (sqm) would be developed at an estimated investment of about 200 million Egyptian pounds ($10 million).

In July, Egypt’s House of Representatives had approved the contract for the 2.2- billion-pound ($144 million) dry bulk station project, which will be developed over an area of 267,000 sqm and includes a 500-metre-long berth and will generate 400 jobs.

Expansion of container terminal: The board approved the $500 million expansion of the Suez Canal Terminal for Container Handling with a 955-metre increase in berth length and a 510,000 sqm container handling yard. The Terminal is currently operating with a 2,400-metre berth and handling space of 1.2 million sqm.

Multi-purpose terminal: The project, which will be developed by Sky Investment - Reliance Logistics consortium involves the construction of a new terminal with a berth length of 900