Egypt gets its first finished-vehicle logistics terminal: Japan’s Nippon NYK, Toyota Tsusho, and France-based Bollaré subsidiary Africa Global Logistics’ joint venture unveiled the new finished-vehicle terminal — called the Suez Canal Automotive Terminal — in East Port Said port, Nippon NYK and Toyota Tsusho said in separate statements. The investment ticket for the project was not disclosed.

The details: The terminal includes a wharf area that can accommodate two large car carriers and a yard simultaneously, with an initial capacity of just above 2.5k vehicles. The plan is to expand up to 10k vehicles, the statements say, without disclosing a timeline. The area — spanning some 21.2 hectares — is equipped to support a growing demand for vehicle imports and exports in Egypt. The JV will operate the terminal for a planned period of 30 years, according to the statements.

REFRESHER- Egypt’s cabinet gave the consortium the green light back in 2020. The project was earmarked for USD 150 mn and was expected to handle the import, export, and transshipment of around 800k vehicles annually.

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