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3 Giants Battling to Build New Cairo Port
Global News

3 Giants Battling to Build New Cairo Port

PSA, DP World and 3A all in the running

TLME News Service

Three consortiums are locked in a race to build a dry port in Cairo, Egypt.

The new port, worth $100-million, is a public-private partnership between the General Authority For Ports and Dry Land and the winning consortium.

According to the Egyptian government, the port will be built "as a port for customs clearance of containers handled through the Alexandria and Dekheila ports, which will contribute to easing container traffic."

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The winning bidder will acquire the tender for 30 years.

The first consortium is the Container Corporation of India, Egypt's Hassan Allam Holding and Singapore's PSA International.

The second consortium is led by the UAE's DP World in a partnership with the Egypt-based Holding Company for Maritime and Land Transport SAE.

Egypt's Elsewedy Electric leads the third consortium, which includes Schenker Egypt and Egypt-based 3A International.

Read more: UAE & Egypt to Build Cairo Logistics Village