{"id":568184,"date":"2020-12-21T03:34:45","date_gmt":"2020-12-21T03:34:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/"},"modified":"2020-12-21T03:34:45","modified_gmt":"2020-12-21T03:34:45","slug":"sfe-eyes-sixth-of-october-dry-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/","title":{"rendered":"SFE eyes Sixth of October dry port"},"content":{"rendered":"

<\/a> The Sixth of October dry port has piqued the interest of the Sovereign Fund of <\/strong>Egypt (SFE)<\/strong>, which could partner with the consortium of companies implementing and operating the project, Elsewedy Electric CEO Ahmed Elsewedy told Hapi Journal<\/a>. There\u2019s already an early agreement that would see the fund acquire a minority stake in the project, and talks are expected to wrap up within the next six months, Elsewedy said. This would come under the SFE\u2019s mandate to seek partnerships with the private sector through minority stakes.<\/p>\n

Things are starting to move forward:<\/strong> The House Transportation Committee last week approved awarding the contract to build, operate, and transfer the dry port to a consortium led by Elsewedy, several months after cabinet<\/a>gave the green light<\/a>. The final contract with the Transport Ministry is expected to be signed \u201cin a few weeks,\u201d Elsewedy said.<\/p>\n

About the project: <\/strong>The first phase of the 100-feddan project is expected to cost USD 176 mn, which will be covered by the consortium. The port should be able to handle 720k cargo containers a year and will include cargo zones, customs clearance offices, and multipurpose storage facilities linked to a cargo railway and key seaports.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sixth of October dry port has piqued the interest of the Sovereign Fund of Egypt (SFE), which could partner with the consortium of companies implementing and operating the project, Elsewedy Electric CEO Ahmed Elsewedy told Hapi Journal. There\u2019s already an early agreement that would see the fund acquire a minority stake in the project, […]<\/p>\n","protected":false},"author":1,"featured_media":568185,"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":[130,72,7111,125,145,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-construction","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-logistics","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"69389ef0-2c14-49f6-a298-f7f048d99e82","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/12\/353.jpg","photo_position":"above","related_issue":[568168],"teaser":"","voice_url":""},"yoast_head":"\nSFE eyes Sixth of October dry 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\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFE eyes Sixth of October dry port\" \/>\n<meta property=\"og:description\" content=\"The Sixth of October dry port has piqued the interest of the Sovereign Fund of Egypt (SFE), which could partner with the consortium of companies implementing and operating the project, Elsewedy Electric CEO Ahmed Elsewedy told Hapi Journal. There\u2019s already an early agreement that would see the fund acquire a minority stake in the project, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T03:34:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/353.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\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SFE eyes Sixth of October dry port\",\"datePublished\":\"2020-12-21T03:34:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/12\/353.jpg?fit=%2C&ssl=1\",\"keywords\":[\"construction\",\"EnterpriseAM\",\"infrastructure\",\"investment watch\",\"logistics\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/21\/sfe-eyes-sixth-of-october-dry-port\/\",\"name\":\"SFE eyes Sixth of October dry port - 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Elsewedy partnered with Schenker Egypt and 3A International to bid on the project. These\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555796,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/cira-elsewedy-joint-venture-teams-up-with-sfe-to-build-schools-in-cosmic-village\/","url_meta":{"origin":568184,"position":2},"title":"CIRA + Elsewedy joint venture teams up with SFE to build schools in Cosmic Village","author":"enterpriseam admin","date":"28 November 2021","format":false,"excerpt":"Two new schools will be set up in the Sixth of October\u2019s Cosmic Village under a private-public partnership Cairo Egypt for Education (CEE, a joint venture of CIRA and Elsewedy Capital) and the Sovereign Fund of Egypt (SFE), CIRA (pdf) and the Planning Ministry said in statements over the weekend.\u2026","rel":"","context":"In "Education"","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569129,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/elsewedy-electric-schenker-3a-to-kick-off-6-october-dry-port-project-in-february\/","url_meta":{"origin":568184,"position":3},"title":"Elsewedy Electric-Schenker-3A to kick off 6 October dry port project in February","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"Construction of the Sixth of October dry port is slated to begin at the end of the month after contracts were handed in late January to a consortium of Elsewedy Electric, Schenker Egypt, and 3A International, reports Egypt Today. Work on the first 100 feddans of the 400-feddan project should\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574445,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/your-top-infrastructure-stories-2\/","url_meta":{"origin":568184,"position":4},"title":"Your top infrastructure stories","author":"enterpriseam admin","date":"9 September 2020","format":false,"excerpt":"Your top infrastructure stories for the week include: Electricity privatization deadline pushed until 2025: The government has extended the timeline to privatize the electricity sector by two years, giving the state\u2019s electricity companies until 2025 to complete the transition.Tender awarded for Sokna-New Alamein high-speed rail: An Egyptian-Chinese consortium was awarded\u2026","rel":"","context":"In \"electricity\"","block_context":{"text":"electricity","link":"https:\/\/enterpriseam.com\/egypt\/tag\/electricity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550086,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/sfe-gets-the-ball-rolling-on-power-plant-stake-sale\/","url_meta":{"origin":568184,"position":5},"title":"SFE gets the ball rolling on power plant stake sale","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"Beni Suef power plant the first to go to SFE\u2019s pre-IPO fund? 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