Cairo, Egypt - H.E. Eng. Tarek Al Mola, Minister of Petroleum, and Admiral Mohab Mamish, Chairman of the General Authority for Suez Canal Economic Zone, recently visited DP World Sokhna, as part of a tour to inspect the gas handling facility at the port and latest developments. Ajay Singh, CEO of DP World Sokhna, and company officials welcomed the delegation and outlined the latest plans for the port which is strategically located on the important East-West trade route below the southern entrance to the Suez Canal and handles cargo transiting through one of the world's busiest commercial waterways.

Commenting on the visit, Mr. Singh said: “We are creating sustainable value at DP World Sokhna through service and excellence and our initiatives to develop the industry through public and private sector partnerships has contributed to the economic growth of the country. Our petroleum product handling facility saw total gas volume of 13.0 million metric tonnes since 2015 to date and we are grateful to Minister Al Mola and Admiral Mamish for their continuous support.”

Admiral Mohab Mamish, Chairman of Suez Canal Authority, Chairman of Suez Canal Economic Zone, said:“DP World Sokhna has made huge efforts and tangible progress in using the latest technology in ports, shipping and container handling. The cooperation between the Economic Zone and DP World will raise the classification of SCzone among the global economic zones. Signing a contract with DP World, a global trade, to set up a new a joint venture company to develop the planned economic zone near the Suez Canal, will achieve success for both sides and create job opportunities for the Egyptians."

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, asserted that Egypt is implementing an integrated plan of increasing and developing infrastructure, which will pave the way for a strong economic boost, as well as achieve sustainability. He pointed out that the current ports development is one of the main pillars of the plan especially that ports are a pivotal and convergence points for foreign trade. In addition, the ports support the national project of transforming Egypt into a regional hub for the trade and exchange of energy, petroleum products and natural gas.

DP World Sokhna is part of the DP World's global portfolio of 78 marine and inland terminals in 40 countries across six continents. As a global trade enabler and an integral part of the international supply chain, DP World offers a range of services, from managing marine and inland terminals and associated maritime services to industrial parks, freezones and logistics all backed by new technology driven business solutions.
DP World Sokhna is an integral part of this growth strategy and will continue to support Egypt’s economic development. The company is keen on leaving a positive impact on the local community and has recently launched 11 new community development projects in Suez and Ain Sokhna in partnership with the Egyptian government and Suez Governorate. The projects will benefit more than 7,500 citizens in the health and education sectors and also improve access to drinking water and boost living standards.

Sokhna Port was acquired by DP World in 2008 and became a key asset owing to its geographical location on the Red Sea and access to Egypt’s large market.. DP World Sokhna covers an area of 925,000 square meters with a capacity of one million TEU. It operates 24 hours a day, seven days a week and as the closest facility to Cairo, it enables trade across all major industrial cities. The port also offers weekly services linking Egypt to the Far East, the Middle East, subcontinent of India and East Africa, and provides services to 14 shipping lines including COSCO, CMA- CGM, PIL, Evergreen, OOCL, MAERSK, MSC , APL, WEC, Hapag Lloyd, UASC. DP World's market share of Egypt's origin and destination cargo continues to grow and it reached approximately 20%. The total general cargo and bulk cargo in 2016 was more than 2.7 million tonnes.

About DP World:
DP World[1] is a leading enabler of global trade and an integral part of the supply chain. We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions. We have a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in over 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
 
Our dedicated team of over 36,000 employees from 103 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow. Container handling is the company’s core business and generates more than three quarters of its revenue. In 2016, DP World handled around 64 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 84.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand. By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
 
For further information, please visit: www.dpworldsokhna.com  
Follow DP World on:
Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world
 
For further information, please contact:
Engy Emad
Media Relations Manager
TRACCS Egypt
Mobile: 010 0900 2207
Email: engy.emad@traccs.net

© Press Release 2017