Egypt signs $660M deal for Dekheila Port development

Updated 3/6/2025 9:44:00 AM

Arab Finance: The Alexandria Port Authority and the Alexandria Supply Chain Company have signed a contract to build, develop, and operate a marine and land facilities terminal for liquid and gaseous bulk at Dekheila Port, with an investment of $660 million, the Egyptian Ministry of Transport announced.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, and Minister of Petroleum and Mineral Resources Karim Badawi attended the signing ceremony, along with senior officials from the Ministry of Transport, the Ministry of Petroleum and Mineral Resources, and key companies in the sector.

El-Wazir stated that the project aligns with Egypt’s vision under President Abdel Fattah El-Sisi, to position the country as a regional energy hub.

He emphasized that the terminal would enhance the localization of the petrochemical industry by securing raw materials for Alexandria’s petrochemical companies, supporting their full operational capacity, and fostering new investment opportunities in oil, gas, and petrochemicals.

The project marks a significant milestone as the first in the Middle East and southern Mediterranean capable of receiving, storing, and re-gasifying liquefied gas.

It also contributes to the Ministry of Transport’s port development strategy and the Ministry of Petroleum’s modernization plan.

The terminal, developed with 100% national capital, is a collaboration between the Egyptian Petrochemicals Holding Company (ECHEM), Sidi Keriri Petrochemicals Co (Sidpec), Egyptian Ethylene and Derivatives Company (ETHYDCO), Egyptian Natural Gas Company (GASCO), the Holding Company for Maritime and Land Transport, and a private-sector partner.

It will feature an 800-meter quay with a depth exceeding 20 meters, allowing the simultaneous docking of two vessels carrying up to 250,000 tons each.

The project also includes a land area of 390,000 square meters, featuring storage areas, gasification units, handling equipment, and transport networks for imports and exports.

Designed to meet the highest international standards for quality, environmental sustainability, and safety, the project’s first phase is set to begin commercial operations in 2027, initially handling 350,000 tons annually.

This figure will gradually increase to 4 million tons per year upon completion of the third phase. The project is also expected to generate $500 million in foreign currency revenues over its lifetime through ship transit fees and trade activities.