Sky Logistics wants to get started on its new-multipurpose terminal in East Port Said Port

Egypt-based Sky Logistics is planning to kick off operations for the first phase of a new multi-purpose terminal in East Port Said Port by October, Al Borsaquotes Sky Logistics Managing Director Omar El Badry as saying. The company has already received all the equipment and machinery needed for the terminal last month, El Badry added.

Timeline: The multi-purpose station is set to be built over three phases, with the land for the station to be provided to the Suez Canal Economic Zone (SCZone) sometime next month, El Badry said. The second and third phases are set to be complete by the end of 2024, he added.

About the terminal: The multipurpose terminal will be built at the western berth of SCZone’s East Port Said Port. It will feature a 900 meter container berth, and include a 380k sqm cargo handling yard.

Background:Egypt’s House of Representatives approved a bill allowing the SCZone to hand a 30-year contract to Sky Logistics earlier this month to design, construct, manage, operate and maintain the new multipurpose terminal. The project is set to create 450 direct jobs and some 1k indirect jobs, El-Badry added. The port’s main operator, the Suez Canal Container Terminal Company (SCCT), plans to invest USD 500 mn to expand the capacity of the East Port Said Port by 40%.