{"id":555827,"date":"2021-11-29T04:00:03","date_gmt":"2021-11-29T04:00:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/"},"modified":"2021-11-29T04:00:03","modified_gmt":"2021-11-29T04:00:03","slug":"dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/","title":{"rendered":"DP World has another USD 25-35 mn lined up for Ain Sokhna port"},"content":{"rendered":"

<\/a> Emirati port operator DP World will invest<\/strong> USD 25-35<\/strong> mn in Ain Sokhna <\/strong>seap<\/strong>ort over the next 2-3 years<\/strong>, DP World Sokhna CEO Gerard van den Heuvel tells Al Mal<\/a>, less than a week after completing the multi-mn USD expansion of the Red Sea port. The next round of investment will be geared towards improving the logistics services at the port and increasing capacity at the newly-built second dock, the CEO said.<\/p>\n

DP World completed its <\/strong>USD 520 mn expansion<\/a><\/strong> last week<\/strong>, which included building a second dock that will double the port\u2019s capacity to 1.75 mn TEU and enabling it to handle the largest container ships in the world.<\/p>\n

The company aims to be a commercial provider for trade in Egypt<\/strong>: It has established DP World Egypt for Logistics Services, which will provide additional warehousing and transport services inside and outside the ports.<\/p>\n

Background:<\/strong> Dubai state-owned DP World has already invested USD 1.6 bn in Egypt, with more expected to roll in after the company set up a joint USD 1.7 bn African investment platform last month<\/a> with CDC Group, the UK government\u2019s development finance arm. The partnership plans to invest in ports and logistics infrastructure<\/a>, like container depots and business parks, across Africa to increase trade.<\/p>\n

OTHER INVESTMENT NEWS-<\/strong><\/p>\n

Tashawer Medical Consultants<\/a><\/strong> and real estate developer <\/strong>Owagik<\/a><\/strong> are in talks to <\/strong>build a EGP 4 bn, 400-bed hospital in the new administrative capital<\/strong>, Tashawer Chairman Khaled Samir tells Al Mal<\/a>. The two companies are currently in talks with the New Administrative Capital Company for Urban Development for a land plot, which Samir expects to wrap before the end of the year with an eye to begin construction at the start of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emirati port operator DP World will invest USD 25-35 mn in Ain Sokhna seaport over the next 2-3 years, DP World Sokhna CEO Gerard van den Heuvel tells Al Mal, less than a week after completing the multi-mn USD expansion of the Red Sea port. The next round of investment will be geared towards improving […]<\/p>\n","protected":false},"author":1,"featured_media":555828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[2020,72,7111,125,145,3268,3270,3269],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-dp-world","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-logistics","tag-new-administrative-capital-company-for-urban-development","tag-owagik","tag-tashawer","wpautop","entry"],"acf":{"mongo_id":"2109d126-3d56-4e83-887b-c962bd51b6a7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/632.jpg","photo_position":"above","related_issue":[555821],"teaser":"","voice_url":""},"yoast_head":"\nDP World has another USD 25-35 mn lined up for Ain Sokhna port - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World has another USD 25-35 mn lined up for Ain Sokhna port\" \/>\n<meta property=\"og:description\" content=\"Emirati port operator DP World will invest USD 25-35 mn in Ain Sokhna seaport over the next 2-3 years, DP World Sokhna CEO Gerard van den Heuvel tells Al Mal, less than a week after completing the multi-mn USD expansion of the Red Sea port. The next round of investment will be geared towards improving […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-29T04:00:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/632.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"DP World has another USD 25-35 mn lined up for Ain Sokhna port\",\"datePublished\":\"2021-11-29T04:00:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\"},\"wordCount\":294,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/632.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DP World\",\"EnterpriseAM\",\"infrastructure\",\"investment watch\",\"logistics\",\"New Administrative Capital Company for Urban Development\",\"Owagik\",\"Tashawer\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/dp-world-has-another-usd-25-35-mn-lined-up-for-ain-sokhna-port\/\",\"name\":\"DP World has another USD 25-35 mn lined up for Ain Sokhna port - 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The two institutions are setting up a joint USD 1.7 bn African investment platform, a portion of which will go towards Ain Sokhna, DP World said in a\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593189,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/egypts-usd-520-mn-ain-sokhna-port-expansion-to-be-complete-by-2q2020\/","url_meta":{"origin":555827,"position":1},"title":"Egypt\u2019s USD 520 mn Ain Sokhna port expansion to be complete by 2Q2020","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"DP World\u2019s USD 520 mn Ain Sokhna port expansion to be complete by 2Q2020: A USD 520 mn expansion of the Ain Sokhna seaport is due for completion by the second quarter of 2020, UAE-based DP World CEO and managing director for the Middle East and Africa, Suhail Al Banna\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548744,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/21\/sczone-dp-world-sokhna-partner-up-for-new-logistics-service-zone\/","url_meta":{"origin":555827,"position":2},"title":"SCZone, DP World Sokhna partner up for new logistics service zone","author":"enterpriseam admin","date":"21 August 2022","format":false,"excerpt":"A new logistics zone in Sokhna: The Suez Canal Economic Zone\u2019s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statementby the SCZone read.The details: Construction on the first phase of the zone will\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610026,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/dp-world-to-start-building-sokhna-port-logistics-zone-this-month\/","url_meta":{"origin":555827,"position":3},"title":"DP World to start building Sokhna port logistics zone this month","author":"enterpriseam admin","date":"14 November 2023","format":false,"excerpt":"The company has so far invested USD 1.3 bn to develop the Ain Sokhna port","rel":"","context":"In "Logistics"","block_context":{"text":"Logistics","link":"https:\/\/enterpriseam.com\/egypt\/category\/logistics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/685.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567392,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/dp-world-ceo-sees-egypt-as-growth-market\/","url_meta":{"origin":555827,"position":4},"title":"DP World CEO sees Egypt as growth market","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"DP World sees Egypt as growth market: DP World CEO Sultan Ahmed Bin Sulayem described himself as \u201cbullish\u201d on Africa and praised Egypt\u2019s economic policies as being pro-growth during an interview with Bloomberg ahead of the World Economic Forum in Davos (watch, runtime: 4:48). \u201cI\u2019m very bullish on Africa. Look\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601562,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/dp-in-talks-with-egypt-banks-for-usd-500-mn-ain-sokhna-port-expansion\/","url_meta":{"origin":555827,"position":5},"title":"DP in talks with Egypt banks for USD 500 mn Ain Sokhna port expansion","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"UAE\u2019s DP World is in talks with banks in Egypt to arrange a USD 500 mn loan to finance its Ain Sokhna port expansion project, banking sources told Al Shorouk. Some of the banks are based in GCC countries but all have branches in Egypt. The loan will cover the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555827"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555827\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555828"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555827"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555827"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}