Medlog takes a final step towards Tenth of Ramadan dry port project: Egypt’s Transport Ministry’s Public Authority for Land and Dry Ports inked a more final agreement with Medlog — the cargo subsidiary of Italy’s Mediterranean Shipping Company (MSC) — to develop a dry port and logistics hub in the Tenth of Ramadan City under a public-private partnership, a statement from the ministry reads. The project will be set up with investments amounting to USD 130 mn, with infrastructure work on the project to begin this month, Al Borsa reports, citing unnamed officials from the Public Authority for Land and Dry Ports.

We’ve been on the lookout for news from the project for the last few months: The agreement, which includes designing, constructing, operating, and maintaining the facility, comes months after unconfirmed reports suggested the final contract would be signed in November following parliamentary approval.

Remember: Medlog first inked an agreement with the government to develop the new dry port in August 2023. The 250-feddan project will be carried out under a 30-year PPP contract and is expected to serve the industrial area in Badr, Ain Sokhna, East Port Said, the New Capital, and the Tenth of Ramadan.

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