Egypt signs MoU with Sky Ports for dry port project, Saif Zone adds more warehouse capacity

Sky Ports steps up for stalled project

Logistics provider Sky Ports is set to finance, build, and operate a dry port and logistics zone in Alexandria’s New Borg El Arab per an MoU it signed with Egypt’s General Authority for Land and Dry Ports, according to a Transport Ministry statement. The project is expected to handle around 120k containers annually — hauling about 6.7 mn tons of dry goods.

BACKGROUND- This is the latest move in a long string of attempts to get the project off the ground. The government has been courting developers since 2020, with proposals from Korea’s CGN, an Alpha Capital -led consortium, and GCC-based Al Ahmadiah Contracting all previously on the table, alongside a stalled 2023 agreement with Ocean Express Shipping.

Why it matters: The project is central to the government’s goal to roll out 33 dry ports nationwide and ease container bottlenecks at maritime ports.

Saif Zone expands U2 logistics district with 56 new warehouses

Saif Zone adds more warehouse capacity: Sharjah Airport International Freezone (Saif Zone) expanded its U2 logistics district with 56 new warehouses spanning nearly 340k sq ft, increasing its total stock to around 2.5k units, Wam reports. The new warehouses offer units of up to 6.5k sq ft each and feature integrated office space, loading bays, and enhanced power capacity to support industrial, commercial, manufacturing, and logistics tenants.