News

Egypt Transforming Alexandria Port Into Global Logistics Hub

Giving More to Your Wealth
08 Sep 2021

The Minister of Transportation announced big plans for Alexandria Port and its surrounding area in a presentation to the President during his visit to the port. The port area will be transformed into an international hub for logistics and trade, and should become one of the leading ports in the Mediterranean Sea. The plan involves connecting cargo distribution centres and logistics areas, including sea and dry ports, with Alexandria Port. After increasing storage areas, the result will be a massive boost to the volume of cargo handled, as well as numerous other value-adding activities. Full completion of the development project will be by the year 2024. The first phase of the project will cost EGP1bn. Contracts have been signed with the largest port management firms in Europe for the management of Egypt’s ports.

Connections between Alexandria Port and logistics and storage areas will be through a vast network of land, rail, and river transportation channels. Some of the projects in the shipping and logistics network include an interim port between Alexandria Port and Dekheila Port costing EGP12bn and 3 nearby specialized and multi-purpose terminals at a total cost of EGP6.4bn. Furthermore, the transportation network, which includes the new high-speed electric train, will link Alexandria Port with al-Sokhna Port on the Red Sea, passing through numerous industrial and logistics zones.

(Source: State Information Service (English), Mubasher (English) (Arabic), Daily News Egypt (English), al-Maal, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, Akhbar al-Youm, Sada el-Balad)

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