The Suez Canal Authority (SCA) inked a memorandum of understanding (MoU) with the Namibian Ports Authority (Namport) to strengthen cooperation in port development, marine construction, and maritime training.

Egypt and Kuwait reviewed promising investment opportunities in Egypt, especially in the field of seaports, dry ports, logistics zones and industrial zones

The Holding Company for Maritime and Land Transport (HCMLT) and Elsewedy Electric have signed a memorandum of understanding (MoU) to establish, manage, operate, and develop an integrated logistics industrial zone in Damietta Port.

The Alexandria Port Authority and the Croatian Port of Rijeka Authority have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation in maritime transport, logistics, and infrastructure development while promoting technological exchange, operational efficiency, and sustainability.

Egypt is transforming its port infrastructure to enhance its position as a key player in global trade. Recognizing the critical role of technology, the country is prioritizing the digital transformation of its ports, focusing on developing a unified information system to seamlessly connect seaports, dry ports, and inland terminals. This integrated system aims to streamline operations, reduce delays, and enhance overall efficiency.

The Egyptian government is planning to offer stakes in Port Said Container and Cargo Handling Company (PSCCHC) and Damietta Container and Cargo Handling Company (DCHC) through initial public offerings (IPOs) on the Egyptian Exchange (EGX).

Chairman of the General Authority of the Suez Canal Economic Zone(SCZone) Waleid Gamal El-Dien met with CEO of AP Moller Maersk Keith Svensen, Director of Terminals and Cooperation at APM Terminals Lars Mikael, and Chairman of the Suez Canal Container Terminal Company (SCCT) Steven Yoogalingam to discuss the ongoing development of Container Terminal 2 at East Port Said Port.

The General Authority for the Suez Canal Economic Zone (SCZOne) has denied reports claiming it plans to borrow EGP 19 billion over 13 years to complete port development projects.

The total value of goods and merchandise released at Egyptian ports from the beginning of 2024 until the end of July reached $34 billion.

The Egyptian government has released essential goods worth over $17 billion at ports since April, Minister of Finance Mohamed Maait announced.

The Egyptian government has approved the establishment of a specialized international tourist seaport in Ras El Hekma aimed at accommodating yachts and cruise ships.

The Egyptian government has released essential goods worth over $8 billion at ports since March, Minister of Finance Mohamed Maait announced.

Egypt, strategically located at the crossroads of Africa, Asia, and Europe, boasts a network of vital maritime ports that play a pivotal role in global trade and connectivity. To capitalize on this, the Egyptian government has set a plan to expand and modernize the ports’ infrastructure to turn the country into a regional and international trade hub. In this Factsheet, we explore the significance of these ports, Egypt’s global position in terms of ports’ connectivity, and the government plan for Egypt to become a trade hub.

Around 11 Egyptian banks have completed the financing process of all the piled-up import orders of essential commodities at ports.

The Egyptian government has released essential goods worth $780 million at ports from March 7th to 8th, Head of the Egyptian Customs Authority El-Shahat Gatoury said.

The value of the accumulated goods at the Egyptian ports amount to around $6 billion currently, including petroleum products.

The Egyptian government has released goods worth $12 billion at ports year to date, as per a cabinet statement.

The Egyptian government has released goods worth $72.4 billion at ports during the period from January to December 26th, of which strategic goods worth $19.1 billion, and supplies and raw materials for production worth $33.3 billion, the Ministry of Finance announced.

Arab Finance: The Egyptian government has released goods worth $63 billion at ports during the period from January to November, the Chairman of Egypt Customs El-Shahat Al-Ghatouri Authority said.

Egypt is working on developing its seaports, which in turn helps boost its economic growth. This comes due to Egypt’s geographical location, which has shorelines on both the Red and Mediterranean Seas. Accordingly, the country is developing its ports, establishing free zones, and creating added value to lure investments and activate the flow of importation and exportation.