Egypt will reportedly hand over two terminals to operators by year end

The Alexandria Port Authority is gearing up to hand over two maritime terminals in Dekheila Port to local and foreign operators before the end of the year, Chairman Ahmed Hawash told Al Mal on Saturday.

Dekheila dry bulk terminal: Several local consortiums are competing to manage and operate the dry bulk terminal at Dekheila Port, according to Hawash. The 300k square meter dry bulk terminal was reportedly to be awarded to a consortium of three local firms, which were said to invest some USD 50 mn in the first phase of the project.

Container terminal handover imminent: A consortium of Hutchison Ports, Cosco, CMA CGM, and Italy’s Mediterranean Shipping Company (MSC) is set to take over a container terminal at Dekheila Port. The group will manage, operate, and maintain the terminal for a 30-year period.

We heard this before: The government in March 2023 signed two agreements totalling USD 1.6 bn — one with the Hutchison Ports-led consortium, excluding MSC, to construct a new terminal at Sokhna port, and the other, which included MSC, to develop a terminal in the Dekheila port.

IN OTHER PORT UPDATES-

A new dry port and logistics zone in Borg El Arab: Egypt’s Transport Ministry got the thumbs up from the government to proceed with contracting an unnamed company to finance, design, establish, manage, and maintain the planned dry port and logistics zone in Borg El Arab, according to a statement released on Thursday. The project will be carried out over a 30-year period.

We have an idea who might be handling the project: Last year, Egyptian company Ocean Express Shipping signed an MoU with the General Authority for Land and Dry Ports to study, establish, manage and operate the planned dry port at Borg El Arab.