Egypt establishes logistics zone at Alexandria Port

ArabFinance: Egypt studies connecting logistics areas and cargo distribution centres directly with Alexandria Port through a network comprising of land, rail, and river means of transportation in a bid to boost the volume of handling cargo at the port and increase storage areas, the Middle East News Agency (MENA) cited Minister of Transport, Kamel el Wazir.

The first logistic area is spanned over 273 feddans with total investments worth EGP 1 billion, and it is located at El-Metras basin. The second one is spread over 12 feddans.

El Wazir said, during President Abdel Fattah El-Sisi's visit to Alexandria Seaport on September 7^th, that Egypt is developing Alexandria Seaport with the aim of being an international hub for logistics and trade. All development works ports are scheduled to be completed by 2024.

He further noted that the country has hired the largest European operator to manage Tahya Misr Terminal at Alexandria Port and an international consortium comprised of Germany's Eurogate and Hapag-Lloyd and Italy's Contship to operate a terminal in Damietta Port.

Additionally, the ministry built the prier no. 85 and three terminals for handling wood at a length of 433 metres and a depth of 15.5 metres with a cost of EGP 400 million at Alexandria Port.

A new storage area has been established over 50 feddans at a cost of EGP 305 million for handing 3 million tonnes of cargo.

On the other hand, the ministry established a multi-purpose terminal at El-Dekheila Port at a cost of EGP 3 billion, a dry bulk terminal at El-Dekheila Port at a cost of EGP 1.8 billion, a dry bulk terminal at El-Dekheila Port at a cost of EGP 1.6 billion, and a port between Alexandria Port and El-Dekhiela Port at El-Max at a cost of EGP 12 billion.