November 20, 2019: DP World Sokhna stated that with the completion of a major expansion project, the company's total investment in Egypt will reach $1.6 billion.
Basin 2 will be operational by the second quarter of 2020 and nearly double capacity at the port to 1.75 million twenty-foot equivalent unit (TEUs) per year.
The expansion cements DP World Sokhna's position as a major gateway for Egypt's trade and the only port in the country capable of handling the largest container ships.
Built at a cost of $520 million and complementing two operational basins, the expansion into Basin 2 includes a 1.3-kilometre-long quay with 400 metres in use in Phase 1, and a 350,000 square metre container yard.
The expansion comes as the UAE and Egypt agreed to support a $20 billion 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 world-class facilities of the port have played a significant role in adding value to its customers' operations by enhancing productivity, speed and cargo cost reduction while attracting leading global shipping lines and beneficial cargo owners.
Construction begins at Takoradi port for Atlantic Terminal’s on-dock facility The construction of has officially started on the development of the multi-purpose Atlantic Terminal Services on-dock facility at the Takoradi port in the western region of Ghana.
The first phase will involve the construction of a 600-metre quay wall with pavement alongside it.
The project will also see the port basin being dredged to create a 16-metre depth.Read More....