The Minister of Transport witnesses the handover ceremony of the first stations of the Sokhna port development project (the “Hutchison” container terminal) to the largest container terminal operator in the world, which is Hutchison International and the global shipping lines alliance COSCO and CMA to develop it as the largest container terminal in the Arab Republic of Egypt
Minister:
1. Handing over the station today to the largest international operator comes within the framework of the Ministry’s plan to form strategic partnerships with major companies managing and operating global container terminals and shipping lines to ensure the arrival and frequency of the largest possible number of international ships to Egyptian ports, double the port’s operating capacity and expand transit trade.
2 The handover of the station comes within the framework of the implementation of the Sokhna-Dekheila Integrated Logistics Container Project to link the Red Sea and the Mediterranean within the implementation of a set of integrated international developmental logistics corridors to achieve the larger goal of making Egypt a global center for trade and logistics, in implementation of the directives of the political leadership.
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Lieutenant General Engineer / Kamel Al-Wazir – Minister of Transport, in the presence of Mr. / Walid Gamal El-Din, Head of the Economic Zone, Major General / Mohamed Khalil, Director of the Sokhna Port Development Project, and the leaders of Hutchison International Company, witnessed the delivery of the first stations of the Sokhna Port Development Project (the “Hutchison” container terminal) to the largest container terminal operator in the world Hutchison International and COSCO and CMA to develop it as the largest container terminal in the Arab Republic of Egypt, with a length of 2600 m, a total area of 1.6 million m 2, and a capacity of 3.5 million TEUs / year, and the terminal will allow receiving giant ships with a length of 400 meters, according to the commitment contract signed for the project of establishing the superstructure, management, operation, exploitation, maintenance and re-delivery of a container terminal in the port of Sokhna, whose implementation comes in addition to the implementation of the project of establishing the superstructure, management, operation, exploitation, maintenance and re-delivery of the container terminal at Berth 100 in Dekheila, within the framework of the directives of His Excellency President Abdel Fattah El-Sisi, President The Republic is implementing the project to establish the Sokhna-Dekheila integrated logistics hub for containers to link the Red Sea and the Mediterranean with the (Hutchison-COSCO-CMA-MSC) alliance, which is considered the largest logistical corridor to serve global trade between East and West.
As it provides more than 2,000 direct and indirect job opportunities, which is implemented within the implementation of a set of integrated international development logistics corridors to link production areas (industrial – agricultural – mining – service) to seaports by means of fast and safe transportation through dry ports and integrated logistical areas to achieve the greater goal. It made Egypt a global center for trade and logistics in implementation of the directives of the political leadership, and the Minister of Transport confirmed during the activities of handing over the station that today is a very important day for Egyptian maritime transport, as the station was handed over to the largest global alliance in the field of managing and operating shipping lines and international container terminals to implement the superstructure of the Sokhna container terminal This will be followed during the coming period by the implementation of the superstructure of the container terminal at Berth 100, with total investments for the two projects amounting to 1.6 billion dollars and a handling capacity of more than 5 million equivalent containers annually, which is a strong indicator of the economic feasibility of the two projects, and embodies confidence in the Egyptian economy.
Pointing out that the expected direct revenues for the two projects amount to about $5 billion during the contract period, which is 30 years. New projects for Egyptian exports, by operating direct shipping services and increasing the ability to compete with countries with similar products and industries, by developing integrated solutions for transport and circulation between sea container terminals, railway stations, and multimodal transport services.
The Minister of Transport also stressed that this cooperation with the largest global alliance in the field of managing and operating shipping lines and international container terminals comes within the framework of the comprehensive plan of the Ministry of Transport to form strategic partnerships with major companies managing and operating global container terminals and shipping lines to ensure the arrival and frequency of the largest possible number of international ships. On the Egyptian ports, doubling the port’s operating capacity, and expanding the transit trade as follows (strategic partnerships with international operators and shipping lines, the most important of which is at Berth 100 station in Dekheila port, where the global operator Hutcheson HPH is located with the first shipping line in the world MSC, and in East Port Said station there is the international operator A.P Moller With Mearsk, the second shipping line in the world, and at Tahya Misr terminal in Alexandria port, where the global operator is located, the EGMPT / CMA Terminal alliance with the third shipping operator in the world, CMA-CGM, and in the container terminal of Sokhna Port, where the global operator is Hutcheson HPH, with CMA-CGM, the third shipping line in the world and Cosco The fourth shipping line in the world and in the Tahya Misr 1 container terminal in the port of Damietta, where the global operator consisting of the Eurojet / Conship alliance with Hapag-Loyid is located, the fifth shipping line in the world and in the Abu Qir port container terminal, where the global operator Hutcheson HPH is located with EVERGRGEN, the sixth shipping line in the world and in Safaga 2 station Where there is Abu Dhabi Ports Group with EVERGRGEN, the sixth shipping line in the world).
Pointing to the great importance that the state attaches to the development of Egyptian ports, referring to the directives of President Abdel Fattah El-Sisi, President of the Republic, to intensify efforts to maximize the benefit from the unique geographical location of Egypt, and the preferential advantages that it enjoys, as a point of meeting and passage on global maritime transport lines, and transforming that
