AD Ports-led consortium planning tender for nine silos in Egypt: A consortium of Emirati AD Ports and its Egyptian subsidiary TranscargoInternational are planning to launch a tender for the construction of nine silos for storing cement and dry bulk cargo at a cost of some EGP 1 bn, Al Malreported, citing sources it says are in the know. The silos are expected to begin trial operations by the end of 1Q 2024, according to the sources.

Background: The Emirati company signed two 15-year agreements in mid-March to develop cement terminals at the Al Arish and West Port Said ports. The terminals will collectively require USD 33 mn of investment, and will feature silos with a combined storage capacity of 90k tons. Each silo is expected to handle between 1-1.5 mn tons annually, according to Al Mal.

What’s next: The engineering studies for the project are underway, with plans to hand the consortium some of the land for the project — in Abbas berth at West Port Said — by the end of June, the sources reportedly said.

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