DP World Sokhna Expansion Nears Completion

DP World Sokhna Expansion Nears Completion

Expansion to bring millions into Egypt 

DP World Sokhna has hit 10-years in operation and marked the milestone by announcing its major expansion project that will bring DP World’s total investment in Egypt to US$1.6 billion is almost complete.

The expansion, known as ‘Basin 2’, is anticipated to be operational by early 2020, doubling the port’s capacity to 1.75 million TEU.

Watch: DP World Wins Big at TLME Excellence Awards 2019

The cost of the expansion is roughly US$520 million and comes after the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets, with ports and economic zones being an integral driver for global competitiveness and economic prosperity.

The 10-year anniversary event of DP World Sokhna, was held at the Nile Ritz Carlton hotel in Cairo.

Read more: Dubai Airshows Tops a Whopping $54 Billion in Sales

Related Stories

No stories found.
Transport and Logistics ME