New investments for the Suez Canal
Global Trade Transportation

New investments for the Suez Canal

1- Maersk International Investments

To begin the list, we talk about the intention of the AP Moller-Maersk terminal group to make $500 million investments in the Suez Canal, according to Keith Svendson, the group’s chairman.

A few days ago, during his meeting with Lieutenant General Osama Rabie, he announced that the group intends to inject investments estimated at $500 million, by operating a new 1,000-meter container berth adjacent to the current 500-meter berth, while increasing the number of cranes to 30 winches, all operating with electricity instead of Diesel is in a serious step to reduce the plant’s emissions and turn it into a green plant by the end of 2030.

The duo discussed the plan of the A.P. Moller Maersk Board of Directors to transform the Suez Canal Container Terminal into a smart terminal that will be operated with the latest smart systems and advanced communications for container handling.

2-Sokhna Dekheila Logistics Axis Project

This project aims to link the Red and Mediterranean Bahrain in cooperation with the (Hutchison – COSCO – CMA – MSC) alliance, which is the largest logistic corridor to serve global trade between East and West and provides more than 2,000 direct and indirect job opportunities. With investments of up to 800 million dollars and a handling capacity of more than 3.5 million TEUs annually, which is a strong indicator of the economic feasibility of the two projects, and embodies confidence in the Egyptian economy, noting that the expected direct returns of the two projects are close to 5 billion dollars during the 30-year contract period.

Lieutenant-General Kamel El-Wazir, Minister of Transport, stated that the contract for the project of constructing the superstructure, managing, operating, exploiting, maintaining and re-delivery of the container terminal at berth 100 in Dekheila, comes within the framework of the Ministry of Transport’s implementation of the Alexandria Great Port development plan to achieve the greater goal of making Egypt a global center for trade and logistics.

He added that the project to construct the terminal was started at a cost of 3.442 billion pounds, with the construction of a berth of 1800 m in length, 18 m in depth, an area of ​​approximately 720,000 m 2, and a capacity of 1.5 million TEUs, pointing out that the terminal will allow to receive 4 ships of length 240 meters, and a ship with a length of 400 meters. This project will also contribute to adding a new port capacity for handling containers, grain and general cargo.

3-Green Hydrogen Investments

Last May, the Suez Canal Economic Zone revealed that the investments of the green hydrogen projects in Sokhna, which will amount to more than 10 billion dollars.

The Suez Canal Economic Zone signed 6 memoranda of understanding during March, April and May 2022, with major companies and leading global alliances working in the fields of renewable and clean energy.

The investments of green hydrogen projects in Sokhna will amount to more than $10 billion, if these contracts are implemented and the authority and companies agree on feasibility studies. In addition to its proximity to Sokhna Port, the largest of the Red Sea ports, and the huge development work that the port is witnessing, qualifying it to attract many investments and facilitate import and export operations.

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