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The Transport Ministry has re-offered the right to operate and develop Berenice International Port after Kuwait’s Alghanim Group was withdrawn from the project last month, three government sources tell EnterpriseAM. The ministry is working with the General Authority for Investment and Freezones to find an investor for the public-private partnership, we were told.
REMEMBER- The ministry decided to take the reins of the project due to a lack of progress on infrastructure and the submission of technical proposals, despite interest and requests from shipping agencies and international shipping lines to operate within the port, a senior government source told us at the time. The reasons for Alghranim’s withdrawal were not disclosed, but our source said that uncertainty regarding the Suez Canal waterway, the timeline for recovery of traffic through the strait, and the return of international shipping agencies to the Bab El Mandeb region may have played a part.
The details: The project includes a 1.2 km-long cargo quay with a depth of 17 meters and a 1.1 mn sqm logistics area designed to handle large cargo ships and integrate port operations with inland logistics corridors.
The ministry has also separately offered Nuweiba Seaport for private investment, covering completion of port infrastructure and operational management, in addition to the construction of a nearby yacht marina, the sources said. A tender is also live for the construction of a yacht marina at El Quseir port on the Red Sea, we were told.
On land, the ministry is also rolling out a string of integrated logistics zone projects to investors, which are designed to streamline cargo flow, reduce port congestion, and integrate maritime, river, and land transport, maximizing economic returns and supporting regional trade growth.
The network will cover Egypt’s key trade arteries and include West Alexandria Port, the Tahya Misr 2 terminal, Sadat City, Kom Abu Radi in Beni Suef, and Port Tawfiq. It also includes Arqin on the Egyptian-Sudanese border and Gargoub on the Mediterranean to support trade with the country’s African neighbours.
There are plans for additional logistics zones along the Nile, including Dandara River Port in Qena, which aim to improve inland cargo movement and link river transport to national supply chains.
