{"id":74870,"date":"2023-11-14T00:00:00","date_gmt":"2023-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/14\/dp-world-to-begin-construction-of-sokhna-port-logistics-zone-this-month\/"},"modified":"2023-11-14T00:00:00","modified_gmt":"2023-11-14T00:00:00","slug":"dp-world-to-begin-construction-of-sokhna-port-logistics-zone-this-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/14\/dp-world-to-begin-construction-of-sokhna-port-logistics-zone-this-month\/","title":{"rendered":"DP World to begin construction of Sokhna port logistics zone this month"},"content":{"rendered":"

DP World to begin construction on Sokhna logistics zone this month:<\/strong> Emirati port operator DP World will break ground on its USD 80 mn logistics zone at Ain Sokhna port this month, the company said in a statement (pdf)<\/a>. The company inked the construction agreement<\/a> with the Suez Canal Economic Zone\u2019s (SCZone) Main Development Company (MDC) back in August 2022.<\/p>\n

The company has so far deployed USD 1.3 bn into its multipurpose terminal at <\/strong>the Ain Sokhna port<\/a><\/strong>, said CEO and Chairman Sultan Ahmed bin Sulayem. DP World is the main operator of the Ain Sokhna port.<\/p>\n

There\u2019s more where that came from:<\/strong> The company will continue to pour investments into the Sokhna port and other logistics services to bolster maritime trade and support the Egyptian economy, the statement reads. <\/p>\n

Remember:<\/strong> The company in November 2021 said it would invest USD 25-35 mn in the Sokhna port over the next 2-3 years, days after it completed a USD 520 mn expansion<\/a> of the port. A year earlier, bin Sulayem said he was \u201cbullish\u201d on Africa<\/a>, praising Egypt\u2019s economic policies as being pro-growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has so far invested USD 1.3 bn to develop the Ain Sokhna port<\/p>\n","protected":false},"author":1,"featured_media":74871,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[664,49,17,598,129,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-ain-sokhna-port","tag-egypt","tag-enterprise-logistics","tag-sczone","tag-uae","tag-zones","wpautop","entry"],"acf":{"mongo_id":"bab3c2f3-2136-42e4-a0a6-ec2852b8c6ea","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/666.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DP 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