Egypt signs port deals

Egypt has mapped out its next generation of ports across the country and has signed contracts to develop $1.6 billion container terminals at Sokhna and Dekhela.

Hutchison Ports, CMA CGM and COSCO Shipping have joined a new terminal at the Red Sea port of Sokhna, while Mediterranean Shipping Company (MSC) is partnering with Hutchison at Dekheila near Alexandria on the Mediterranean Sea. Egypt’s Transport Minister Kamel El-Wazir said the two projects are an “important step” towards building a container link between the Red Sea and the Mediterranean and plan to connect the two ports by train.

Investment in Egypt’s port infrastructure has increased over the past two years as the country seeks to position itself as the green fuel hub of the future.